Document ID: chunk:federal_register_of_legislation:C2007A00060:clause:1_24aa:p2
Version: federal_register_of_legislation:C2007A00060
Segment Type: clause
Provision Reference: sch 1 cl 24AA (pt 2/3)
Character Range: 10635–13158

the purposes of this section, a later financial year that ends at the end of that closing day;
disregard the salary and wages of the person from other sources or, if the person is a member of a couple, the salary and wages of the person and the person's partner from other sources, in the amount worked out under subsection (6).

 (6) Disregard the lesser of:
 (a) the total amount of salary and wages of the person from other sources or, if the person is a member of a couple, of the person and the person's partner from other sources for the fortnight; and
 (b) the amount worked out using the following formula:
  where:
  amount previously disregarded in that financial year means the total amount of salary and wages of the person from other sources or, if the person is a member of a couple, of the person and the person's partner from other sources already disregarded in calculating a rate referred to in subsection (1) for the person for fortnights that fall in whole or in part in that financial year, because of a previous application, or previous applications, of this subsection and subsection (5).
  number of days remaining in that financial year means the number of days in the period beginning at the start of the fortnight, and ending at the end of 30 June in that financial year.

$10,000 in salary and wages from other sources disregarded—part financial years

 (7) If a closing day is prescribed for the purposes of this section that is not 30 June, then, for the purposes of calculating a rate referred to in subsection (1) for a person, for a fortnight all or part of which falls during the period:
 (a) beginning at the start of the immediately preceding 1 July; and
 (b) ending at the end of the closing day;
disregard the salary and wages of the person from other sources or, if the person is a member of a couple, the salary and wages of the person and the person's partner from other sources, in the amount worked out under subsection (8).

 (8) Disregard the lesser of:
 (a) the total amount of salary and wages of the person from other sources or, if the person is a member of a couple, of the person and the person's partner from other sources for the fortnight; and
 (b) the amount worked out using the following formula:
  where:
  amount previously disregarded in the period means the total amount of salary and wages of the person from other sources or, if the person is a member of a couple, of the person and the person's partner from other sources already disregarded in calculating a