Commonwealth Consolidated Acts
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SOCIAL SECURITY ACT 1991 - SECT 1061ECA
Amount of advance payment--age, disability support, wife and widow B pensions and carer payment
(1) The amount of an advance payment of any of the following
social security pensions is worked out according to this section:
(a) age pension;
(b) disability support pension;
(c) wife pension;
(d) carer payment;
(e) widow B pension.
Amount of advance
(2) The amount of the advance payment is the smaller of the following
(a) the amount of advance payment sought;
(b) the maximum amount of advance payment payable to the person as
worked out as follows:
Step 1. Work out
3 / 52 of the person's advance payment qualifying amount.
Step 2. Work out the annual rate at which the
social security pension was payable to the person on the last payday before
the application for the advance payment was lodged, disregarding:
(a) any amount payable by way of remote area
(b) so much of the person's pension supplement amount
(if any) as is equal to the person's minimum pension supplement amount; and
(c) the person's energy supplement (if any).
Step 3. Work out the smaller of the result of step 1 and 7.5% of
the result of step 2.
Step 4. Subtract the following from the result of step 3:
(a) each advance payment (if any) of a
social security entitlement paid to the person during any of the 13 fortnights
immediately before the application for the current advance payment was lodged;
(b) each other advance payment (if any) of a
social security entitlement paid to the person that has not been fully repaid.
Step 5. The result of step 4 (rounded to the nearest cent
(rounding 0.5 cents upwards)) is the maximum amount of advance payment payable
to the person.
Note 1: The amount of the advance payment
will be more than the minimum qualifying amount for the person (see
Note 2: For
advance payment qualifying amount , see subsection 23(1).
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