Document ID: chunk:federal_register_of_legislation:C2024C00866:section:50b
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 50B
Character Range: 710412–711583

50B  Rate reduction under this Division
 (1) Subject to subsection (2), if a person's rate of payment under Part III or IIIA, or rate of veteran payment, is to be reduced under this Division because of a payment under a self‑employment program (a self‑employment program payment), the amount of rate reduction is to be equal to the amount of the self‑employment program payment.
 (2) If:
 (a) a person's rate of payment under Part III or IIIA, or rate of veteran payment, is to be reduced under this Division because of a self‑employment program payment; and
 (b) the person's partner's rate of payment under Part III or IIIA, or rate of veteran payment, is also to be reduced under this Division (see subsection 50A(2) or (3)) because of the self‑employment program payment;
the amount of rate reduction for both the person and the person's partner is to be equal to 50% of the amount of the self‑employment program payment.
 (3) A person's rate of payment under Part III or IIIA, or rate of veteran payment, is not to be reduced below nil under subsection (1) or (2).

Division 11—General provisions relating to the assets test

Subdivision A—Value of person's assets