Document ID: chunk:federal_register_of_legislation:C2009A00081:clause:4_60c
Version: federal_register_of_legislation:C2009A00081
Segment Type: clause
Provision Reference: sch 4 cl 60C
Character Range: 44606–45953

60C  Payment of quarterly pension supplement
 (1) Quarterly pension supplement is to be paid by instalments.
 (2) An instalment of quarterly pension supplement is to be paid to a person as soon as is reasonably practicable on or after the first supplement test day (the current test day) that follows a day on which an election by the person under subsection 60A(1) is in force.
 (3) The amount of the instalment is worked out by multiplying the person's daily rate of quarterly pension supplement by the number of days during the test period for which an election by the person under subsection 60A(1) is in force.
 (4) If:
 (a) an election by the person under subsection 60A(1) is in force on a particular day; and
 (b) apart from this subsection, the portion of the instalment of the person's quarterly pension supplement that corresponds to that day would be reduced under subclause 4(4) of Schedule 6, but not reduced to a nil amount;
the amount of that portion of the instalment is not to be reduced under subclause 4(4) of Schedule 6.
 (5) In this section:
supplement test day means:
 (a) 20 March; or
 (b) 20 June; or
 (c) 20 September; or
 (d) 20 December.
test period means the period:
 (a) starting on the most recent supplement test day before the current test day; and
 (b) ending on the day immediately before the current test day.