Document ID: chunk:federal_register_of_legislation:C2024A00104:section:323:p1
Version: federal_register_of_legislation:C2024A00104
Segment Type: section
Provision Reference: s 323 (pt 1/3)
Character Range: 519303–522139

323  Working out an individual's total assessable income

Total assessable income where no income support payment
 (1) If an individual is not entitled to an income support payment, the individual's total assessable income is the amount the System Governor determines to be the amount that would be worked out as the individual's ordinary income for the purpose of applying Module E of Pension Rate Calculator A at the end of section 1064 of the Social Security Act 1991.

Total assessable income where service pension
 (2) If an individual is entitled to a service pension, the individual's total assessable income is the sum of:
 (a) the amount of the individual's service pension reduced by the amount worked out under subsection 5GA(3) of the Veterans' Entitlements Act 1986 to be the individual's minimum pension supplement amount; and
 (b) the amount the System Governor determines to be the amount that would be worked out as the individual's ordinary/adjusted income for the purpose of applying Module E of the Rate Calculator in Schedule 6 to the Veterans' Entitlements Act 1986.

Total assessable income where income support supplement
 (3) If an individual is entitled to an income support supplement, the individual's total assessable income is the sum of:
 (a) the amount of the individual's income support supplement reduced by the amount worked out under subsection 5GA(3) of the Veterans' Entitlements Act 1986 to be the individual's minimum pension supplement amount; and
 (b) the amount the System Governor determines to be the amount that would be worked out as the individual's ordinary/adjusted income for the purpose of applying Module E of the Rate Calculator in Schedule 6 to the Veterans' Entitlements Act 1986.

Total assessable income where veteran payment
 (4) If an individual is entitled to a veteran payment, the individual's total assessable income is the sum of:
 (a) the amount of the individual's veteran payment reduced by the amount worked out under subsection 5GA(3) of the Veterans' Entitlements Act 1986 to be the individual's minimum pension supplement amount; and
 (b) the amount the System Governor determines to be the amount that would be worked out as the individual's ordinary/adjusted income for the purpose of applying Module E of the Rate Calculator in Schedule 6 to the Veterans' Entitlements Act 1986.

Total assessable income where income support payment (other than service pension)
 (5) If an individual is entitled to an income support payment (other than a service pension, an income support supplement or a veteran payment), the individual's total assessable income is the sum of:
 (a) the amount of the individual's income support payment reduced by the amount worked out under subsection 20A(4) of the Social Security Act 1991 to be the individual's minimum pension supplement