Document ID: chunk:federal_register_of_legislation:C2024A00104:section:319:p3
Version: federal_register_of_legislation:C2024A00104
Segment Type: section
Provision Reference: s 319 (pt 3/3)
Character Range: 510764–511891

at the end of section 1064 of the Social Security Act 1991;
 (c) the amount worked out by applying point 1064‑E4 of Pension Rate Calculator A at the end of section 1064 of the Social Security Act 1991.
 (3) The asset free area is:
 (a) unless paragraph (b) applies—the amount equal to 2.25 times the basic age pension amount; or
 (b) if rules are in force for the purposes of this paragraph—such other amount as is calculated in accordance with the rules.
 (4) Each of the following terms have the meaning prescribed by the rules:
 (a) first income threshold;
 (b) second income threshold;
 (c) third income threshold;
 (d) fourth income threshold;
 (e) first asset threshold;
 (f) second asset threshold;
 (g) third asset threshold;
 (h) fourth asset threshold.
 (5) Despite subsection (1), if the individual is in a class of individuals prescribed by the rules, the daily means tested amount for the individual is the amount prescribed by the rules.
 (6) To avoid doubt, an amount prescribed by the rules under subsection (5) may refer to an individual's total assessable income, the value of an individual's assets, or both.