Document ID: chunk:federal_register_of_legislation:C2019A00005:clause:2_20
Version: federal_register_of_legislation:C2019A00005
Segment Type: clause
Provision Reference: sch 2 cl 20
Character Range: 55907–56499

20  After subsection 1073AA(5)
Insert:
 (5A) If a person has gainful work income for an instalment period, the rate of the person's gainful work income on a yearly basis for each day in that period may be worked out using the following formula:
Note: This subsection will be relevant to working out the person's rate of social security pension in accordance with Pension Rate Calculator A at the end of section 1064 or Pension Rate Calculator C at the end of section 1066.
 (5B) An amount worked out under subsection (5A) is to be rounded to the nearest cent (rounding 0.5 cents downwards).