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SOCIAL SECURITY ACT 1991 - SECT 93J

Amount of pension bonus

No change in couple status during overall qualifying period

             (1)  If:

                     (a)  a person was a member of a couple throughout the person's overall qualifying period; or

                     (b)  a person was not a member of a couple at any time during the person's overall qualifying period;

the amount of the person's pension bonus is worked out using the following formula (for rounding up, see subsection (7)):

Change in couple status during overall qualifying period

             (2)  If subsection (1) does not apply to a person, the amount of the person's pension bonus is worked out using the following formula (for rounding up, see subsection (7)):

             (3)  For the purposes of this section, a person's annual notional single pension rate is equal to:

                     (a)  if the person is not permanently blind--the adjusted percentage of the sum of:

                              (i)  the person's maximum basic rate under Table B in point 1064-B1; and

                             (ii)  the amount worked out for the person using the table in subsection 93H(4);

                            calculated in each case as at the start day for the age pension and assuming that the person was not a member of a couple at that day; or

                     (b)  if the person is permanently blind--the sum of:

                              (i)  the person's maximum basic rate under Table B in point 1065-B1; and

                             (ii)  the amount worked out for the person using the table in subsection 93H(4);

                            calculated in each case as at the start day for the age pension and assuming that the person was not a member of a couple at that day.

             (4)  For the purposes of this section, a person's annual notional partnered pension rate is equal to:

                     (a)  if the person is not permanently blind--the adjusted percentage of the sum of:

                              (i)  the person's maximum basic rate under Table B in point 1064-B1; and

                             (ii)  the amount worked out for the person using the table in subsection 93H(4);

                            calculated in each case as at the start day for the age pension and assuming that the person was a member of a couple at that day; or

                     (b)  if the person is permanently blind--the sum of:

                              (i)  the person's maximum basic rate under Table B in point 1065-B1; and

                             (ii)  the amount worked out for the person using the table in subsection 93H(4);

                            calculated in each case as at the start day for the age pension and assuming that the person was a member of a couple at that day.

             (5)  For the purposes of this section, a person's adjusted percentage is the percentage worked out using the following formula (for rounding up, see subsection (8)):

where:

"maximum basic rate" is the sum of the person's maximum basic rate worked out using Module B of Pension Rate Calculator A in section 1064 and the amount worked out for the person using the table in subsection 93H(4).

             (6)  For the purposes of this section:

                     (a)  the number of single years during the overall qualifying period is the number of years during the overall qualifying period when the person was not a member of a couple; and

                     (b)  the number of partnered years during the overall qualifying period is the number of years during the overall qualifying period when the person was a member of a couple.

Rounding up

             (7)  An amount calculated under subsection (1) or (2) is to be rounded to the nearest 10 cents (with 5 cents being rounded up).

             (8)  A percentage worked out under subsection (5) is to be calculated to 3 decimal places. However, if a percentage worked out under subsection (5) would, if it were calculated to 4 decimal places, end in a digit that is greater than 4, the percentage is to be increased by 0.001.



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