Document ID: chunk:federal_register_of_legislation:C2006A00082:clause:5_24d
Version: federal_register_of_legislation:C2006A00082
Segment Type: clause
Provision Reference: sch 5 cl 24D
Character Range: 27771–29539

24D  Global maintenance entitlement of an eligible person

 (1) For the purposes of step 1 of the method statement in subclause 24C(1), the global maintenance entitlement of the eligible person under subclause 24B(2) for the day is the sum of:
 (a) the amounts worked out using the formula in subclause (2) for:
 (i) each registered entitlement for the day of the eligible person; and
 (ii) if the eligible person is a member of a couple on the day—each registered entitlement for the day of the eligible person's partner; and
 (b) any amounts worked out under subclause (3); and
 (c) the annualised amount of any capitalised maintenance income of the eligible person and, if the eligible person is a member of a couple on the day, of the eligible person's partner, for the day; and
 (d) the annualised amount of any maintenance income of the eligible person and, if the eligible person is a member of a couple on the day, of the eligible person's partner, for the day:
 (i) that is not from a registered entitlement; and
 (ii) that is not capitalised maintenance income.

 (2) For the purposes of paragraph (1)(a), the formula is:

 (3) If:
 (a) in respect of:
 (i) a registered entitlement for the day of the eligible person; or
 (ii) if the eligible person is a member of a couple on the day—a registered entitlement for the day of the eligible person's partner;
  the maintenance income received by the eligible person or partner for the income year exceeds the amount due in the income year from the entitlement; and
 (b) that excess, or any part of it (the relevant excess), is not disregarded for the purposes of paragraph (c) of step 1 of the method statement in clause 20;
an amount for the purposes of paragraph (1)(b) is worked out by using this formula: