Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:1_20b
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 1 cl 20B
Character Range: 36526–37164

20B  Clean energy pension rate

  The clean energy pension rate is the rate worked out by:
 (a) working out 1.7% of the total of:
 (i) double the maximum basic rate under Pension Rate Calculator A, worked out for 20 March 2013 for a person who is partnered; and
 (ii) the combined couple rate of pension supplement for 20 March 2013; and
 (b) rounding the result of paragraph (a) up or down to the nearest multiple of $5.20 (rounding up if that result is not a multiple of $5.20 but is a multiple of $2.60).

Note 1: This rate is indexed 6 monthly in line with CPI increases (see sections 1191 to 1194).

Note 2: This is an annual rate.