Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if a pension is payable to a person at a rate worked out under this Division.
(2) The person is qualified for an advance payment (a pension loans scheme advance payment ) of the pension if:
(a) the person makes a request for the advance payment under section 1137AA; and
(b) the person has not received more than one pension loans scheme advance payment in relation to a pension loans scheme advance payment period commencing during the previous 26 fortnights.
(3) The amount of the pension loans scheme advance payment is whichever is the least of the following amounts:
(a) if the person has not received another pension loans scheme advance payment in relation to a pension loans scheme advance payment period that commenced during the previous 26 fortnights--0.5 multiplied by the maximum payment rate payable to the person on the day in relation to which the person's rate of pension worked out under this Division is to be paid as the pension loans scheme advance payment;
(b) if the person has received another pension loans scheme advance payment (the previous amount ) in relation to a pension loans scheme advance payment period that commenced during the previous 26 fortnights--0.5 multiplied by the maximum payment rate payable to the person on the day in relation to which the person's rate of pension worked out under this Division is to be paid as the pension loans scheme advance payment, less the previous amount;
(c) the maximum loan available to the person under the pension loans scheme, less the amount of the debt owed by the person under section 1135;
(d) the amount requested by the person.
(4) A pension loans scheme advance payment is to be paid as soon as practicable after the request under section 1137AA is made.
(5) This section applies despite section 1061A.
Note: Section 1061A sets out other circumstances in which a
person is qualified for an advance payment of a social security entitlement.