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﻿ 9.11.4 Periodic Compensation Payments
Home > Compensation and Support Policy Library > Part 9 Principles for Determining Pension Rate > 9.11 Compensation Recovery > 9.11.4 Periodic Compensation Payments
Periodic compensation payments paid to a pensioner, who becomes entitled to receive a compensation affected pension [3] (CAP [3]) after the event that gave rise to the person's entitlement to compensation, are directly deducted on a dollar for dollar basis from the rate of CAP paid to the pensioner. This dollar for dollar deduction occurs after any existing reduction in payability arising out of the income/assets tests. It should be noted that Part IIIC rules only apply where the person who receives compensation has not yet reached pension age.
If a person receives periodic compensation payments and was in receipt of a CAP at the time of the event that gave rise to the person's entitlement to compensation [3], the Part IIIC compensation recovery provisions provide that the periodic compensation payments are to be treated as ordinary income, rather than as a direct deduction. For this concession to apply, the person must:
If a person's periodic compensation payments reduce their CAP [3] to nil, and the person's partner is receiving a CAP, the excess amount (if any) by which the daily rate of periodic compensation payable to the person exceeds the daily maximum basic rate [3] [glossary:(:]MBR [3][glossary:):] of the CAP, is treated as ordinary income [3] of the person's partner. That is, the excess compensation amount is added to the partner's half of the couple's combined ordinary income for the purposes of the pension assessment under the income and assets test.
half of the partnered ceiling rate. More ? [10]
Section 59T [17] VEA
Section 59T(4) [17] VEA
Section 59TA [17] VEA
SCH6-E3A [17] VEA
Section 9.1.3 [21]
Section 9.1.2 [26]
Section 59W [17] VEA
Section 59U [17] VEA
Section 59V [17] VEA
Section 59X [17] VEA
Section 7.1.3 [32]
Subsection 85(7) [17] VEA
According to subsection 5NB(1) [35] of the VEA a compensation affected pension means:
According to subsection 5NB(11) [35] of the VEA, the event is not the decision or settlement under which the compensation is payable. Instead, it is the accident, if the disease, injury or condition was caused by an accident; otherwise, when the disease, injury or condition first becomes apparent.
According to Schedule 6-B1 of the VEA [36] a MBR is the person's maximum rate is ascertained at the date of grant of the designated pension, and is the maximum annual pension rate payable at the date of grant (excluding allowances).
The ordinary income of a person for a period means, as described in section 46 of VEA [36], the gross ordinary income from all sources for that period without any reduction, other than a reduction of business income.
Source URL (modified on 20/10/2014 - 3:25pm): http://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/911-compensation-recovery/9114-periodic-compensation-payments
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[26] http://clik.dva.gov.au/compensation-and-support-policy-library/part-9-principles-determining-pension-rate/91-income-and-assets-test-principles/912-assessment-process
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[32] http://clik.dva.gov.au/compensation-and-support-policy-library/part-7-common-allowances-and-benefits/71-treatment-departmental-expense/713-gold-card-eligibility-under-incomeassets-reduction-limit
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