Document ID: chunk:federal_register_of_legislation:C2025C00162:section:5:p5
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 5 (pt 5/8)
Character Range: 1672123–1674910

of sick leave, annual leave, maternity leave and long service leave, but does not include an instalment of parental leave pay.
payment fortnight means a fortnight in respect of which a disability support pension is paid, or would be paid apart from the application of an income maintenance period, to a person.
period to which the payment relates means:
 (a) if the payment is a leave payment—the leave period to which the payment relates; or
 (b) if the payment is a termination payment and is calculated as an amount equivalent to an amount of ordinary income that the person would (but for the termination) have received from the employment that was terminated—the period for which the person would have received that amount of ordinary income; or
 (c) if the payment is a termination payment and paragraph (b) does not apply—the period of weeks (rounded down to the nearest whole number) in respect of which the person would have received ordinary income, from the employment that was terminated, of an amount equal to the amount of the termination payment if:
 (i) the person's employment had continued; and
 (ii) the person received ordinary income from the employment at the rate per week at which the person usually received ordinary income from the employment prior to the termination.
redundancy payment includes a payment in lieu of notice.
termination payment includes:
 (a) a redundancy payment; and
 (b) a leave payment relating to a person's employment that has been terminated; and
 (c) any other payment that is connected with the termination of a person's employment.

Module G—Assets test

Effect of assets on maximum payment rate
 1064‑G1 This is how to work out the effect of a person's assets on the person's maximum payment rate:

      Method statement
           Step 1. Work out the value of the person's assets.
                  Note 1: For the treatment of the assets of members of a couple see point 1064‑G2.
                  Note 2: For the assets that are to be disregarded in valuing a person's assets see section 1118.
                  Note 3: For the valuation of an asset that is subject to a charge or encumbrance see section 1121.
           Step 2. Work out the person's assets value limit (see point 1064‑G3 below).
                  Note: A person's assets value limit is the maximum value of assets the person can have without affecting the person's pension rate.
           Step 3. Work out whether the value of the person's assets exceeds the person's assets value limit.
           Step 4. If the value of the person's assets does not exceed the person's assets value limit, the person's assets excess is nil.
           Step 5. If the value of the person's assets exceeds the person's assets value limit, the person's assets excess is the