Document ID: chunk:federal_register_of_legislation:C2004A04954:body:0:p31
Version: federal_register_of_legislation:C2004A04954
Segment Type: other
Provision Reference: 
Character Range: 81809–84972

"item 1 in the Table", substitute "subsection 1170(3)".

SCHEDULE 16—continued

45. Section 1170 (Periodic payments recoverable amount examples— Example 2):

Omit "item 3 in the Table", substitute "subsection 1170(4A)".

46. Section 1171:

Repeal the section, substitute:

Periodic compensation not counted as ordinary income

"1171. If an amount per fortnight of a compensation affected payment payable to a person is reduced under section 1168 because of a series of periodic compensation payments, those payments are not to be regarded as ordinary income of either the person or the person's partner for the purposes of this Act (apart from Module D of the Family Payment Rate Calculator and section 710, and section 5B of the Health Insurance Act 1973).

Note 1: For 'ordinary income' see section 8.
Note 2: Module D of the Family Payment Rate Calculator deals with additional family payment.
Note 3: Section 710 deals with limitations on the amount of sickness allowance payable.
     Note 4: Section 5B of the Health Insurance Act 1973 deals with the Disadvantaged Persons Health Scheme.".

47. Paragraph 1172(1)(a):

Omit "in respect of', substitute "wholly or partly in respect of'.

48. Paragraph 1174(4)(a):

Omit "pension, benefit or allowance payments", substitute "payments of the compensation affected payment".

49. Paragraph 1174(5) (c):

Omit "pension, benefit or allowance payments", substitute "payments of the compensation affected payment".

50. Paragraph 1174(6) (c):

Omit the paragraph, substitute:

"(c) the sum of:

(i) the payments of the compensation affected payment payable to the person; and

        (ii) the payments of the compensation affected payment and (if applicable) amounts of youth training allowance payable to the person's partner;

for the periodic payments period or the lump sum preclusion period;".

SCHEDULE 16—continued

51. Paragraph 1174(6A)(a):

Omit "pension, benefit or allowance", substitute "the compensation affected payment".

52. Paragraph 1177(l)(a):

Omit "in respect of', substitute "wholly or partly in respect of'.

53. Paragraph 1179(1)(a):

Omit "in respect of', substitute "wholly or partly in respect of'.

54. Paragraph 1179(4)(a):

Omit "pension, benefit or allowance payments", substitute "payments of the compensation affected payment".

55. Paragraph 1179(5) (c):

Omit "pension, benefit or allowance payments", substitute "payments of the compensation affected payment".

56. Paragraph 1179(6) (c):

Omit the paragraph, substitute:

"(c) the sum of:

(i) the payments of the compensation affected payment payable to the person; and

       (ii) the payments of the compensation affected payment and (if applicable) amounts of youth training allowance payable to the person's partner;

for the periodic payments period or the lump sum preclusion period;".

57. Paragraph 1179(6A)(a):

Omit "pension, benefit or allowance", substitute "the compensation affected payment".

58. Paragraph 1184(2)(a):

Omit "is qualified for", substitute "receives or claims".

59. Paragraph 1184(2)(c):

Omit "qualification for the set of compensation affected payment", substitute "receipt of or claim for