Document ID: chunk:federal_register_of_legislation:C2024C00458:section:48c
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 48C
Character Range: 227591–228567

48C  Payment of quarterly pension supplement
 (1) Quarterly pension supplement is to be paid by instalments.
 (2) An instalment of quarterly pension supplement is to be paid to a person as soon as is reasonably practicable after the end of an instalment period.
 (3) The amount of the instalment is worked out by multiplying the person's daily rate of quarterly pension supplement by the number of days in the instalment period.
 (4) In this section:
instalment period means a period:
 (a) in relation to each day of which quarterly pension supplement is payable to the person; and
Note: For when quarterly pension supplement is payable to the person, see section 1061VA of the 1991 Act.
 (b) that either begins on any 20 March, 20 June, 20 September or 20 December or does not include any such day; and
 (c) that either ends on any 19 March, 19 June, 19 September or 19 December or does not include any such day; and
 (d) that is not included in a longer instalment period.