Commonwealth Consolidated Acts

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Employment income attribution over a period for social security pensioners

             (1)  Employment income:

                     (a)  that is a lump sum amount either:

                              (i)  in respect of a period greater than a fortnight; or

                             (ii)  resulting from remunerative work although not in respect of any particular period; and

                     (b)  that is earned, derived or received, or is taken to have been earned, derived or received, by a person:

                              (i)  who is receiving a social security pension; and

                             (ii)  whose rate of payment of that pension is worked out with regard to the income test module of a rate calculator in this Chapter;

is to be taken to have been earned, derived or received over such period, not exceeding 52 weeks, as the Secretary determines.

             (2)  The person's employment income for the period determined by the Secretary is to be reduced to a fortnightly rate rounded to the nearest cent (rounding 0.5 cents downwards).

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