Document ID: chunk:federal_register_of_legislation:C2019A00005:clause:2_8
Version: federal_register_of_legislation:C2019A00005
Segment Type: clause
Provision Reference: sch 2 cl 8
Character Range: 53237–53849

8  Subsection 1073AA(4) (example)
Repeal the example, substitute:
Example: Bill earns $1,300 of work bonus income in an instalment period of 14 days. Bill's rate of social security pension for that period is greater than nil.
 Under subsection (2), Bill's work bonus income for that period is reduced by $300, leaving Bill $1,000 of work bonus income for that period.
 Assume Bill's unused concession balance is $800.
 Under subsection (4), Bill's work bonus income for that period is further reduced by $800 leaving Bill $200 of work bonus income for that period.
 Bill's unused concession balance is now nil.