Document ID: chunk:federal_register_of_legislation:C2024C00458:section:43:p3
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 43 (pt 3/4)
Character Range: 204750–207386

amount; or
 (ii) if the Rate Calculator for the social security payment produces an annual rate—1/364 of that amount; or
 (b) if a pension supplement amount is the only added amount—1/364 of the person's minimum pension supplement amount.
 (5AA) If:
 (a) either or both of the following amounts (the added amounts) are added to a person's maximum basic rate for a particular day in working out the amount of an instalment of a social security pension:
 (i) a pension supplement amount;
 (ii) energy supplement; and
 (aa) the social security pension:
 (i) is not a disability support pension to which subsection 1066A(1) or 1066B(1) of the 1991 Act applies; and
 (ii) if the person has not reached pension age on the day—is not a pension PP (single); and
 (b) if one of the added amounts is a pension supplement amount used by the Rate Calculator to produce an annual rate—the pension supplement amount is more than the person's pension supplement basic amount; and
 (c) there is no election by the person under subsection 915A(1) or 1061VA(1) of the 1991 Act in force on that day; and
 (d) apart from this subsection, the portion of the instalment corresponding to that day would be less than the person's minimum daily rate, but more than a nil amount;
the amount of that portion of the instalment is to be increased to the person's minimum daily rate.
 (5AB) For the purposes of subsection (5AA), a person's minimum daily rate is 1/364 of the total of:
 (a) the person's minimum pension supplement amount, if a pension supplement amount is an added amount; and
 (b) the person's energy supplement, if energy supplement is an added amount.

No reduction of portion of quarterly pension supplement relating to a day
 (5A) If:
 (a) an election by the person under subsection 1061VA(1) of the 1991 Act 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 subsection 1210(3) of the 1991 Act, but not reduced to a nil amount;
the amount of that portion of the instalment is not to be reduced under subsection 1210(3) of the 1991 Act.

No reduction of portion of quarterly energy supplement relating to a day
 (5B) If:
 (a) quarterly energy supplement is payable to a person for a particular day; and
 (b) the social security payment to which the quarterly energy supplement relates:
 (i) is a social security pension; and
 (ii) is not a disability support pension to which subsection 1066A(1) or 1066B(1) of the 1991 Act applies; and
 (iii) if the person has not reached pension age on the day—is