Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1073I

Working out the effect of a working credit depletion on the yearly rate of ordinary income for a social security pensioner

                   If, under section 1073H, the working credit balance of a working credit participant is depleted on a particular day, the participant's rate of ordinary income on a yearly basis for that day is reduced by the working credit depletion amount applicable to that day, determined under step 8 of the method statement, multiplied by 364.



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