Document ID: chunk:federal_register_of_legislation:C2018A00017:clause:6_470:p1
Version: federal_register_of_legislation:C2018A00017
Segment Type: clause
Provision Reference: sch 6 cl 470 (pt 1/2)
Character Range: 81375–84124

470  At the end of point SCH6‑A1 of Schedule 6
Add:

Method statement 7 (veteran payment, not blind)
 (8) The rate of veteran payment for a person who is not permanently blind is worked out in accordance with method statement 7.

      Method statement 7
           Step 1. Work out the person's maximum basic rate using Module B below.
           Step 2. Work out the amount of pension supplement using Module BA below.
           Step 3. Work out the amount per year (if any) by way of rent assistance using Module C below.
           Step 4. Add up the amounts obtained in steps 1, 2, and 3: the result is called the maximum payment rate.
           Step 5. Apply the ordinary/adjusted income test using Module E below to work out the reduction for ordinary/adjusted income.
           Step 6. Take the reduction for ordinary/adjusted income away from the maximum payment rate: the result is called the income reduced rate.
           Step 7. Apply the assets test using Module F below to work out the reduction for assets.
           Step 8. Take the reduction for assets away from the maximum payment rate: the result is called the assets reduced rate.
           Step 9. Compare the income reduced rate and the assets reduced rate: the lower of the 2 rates, or the income reduced rate if the rates are equal, is the provisional payment rate.
           Step 10. Work out the amount per year (if any) payable by way of remote area allowance using Module G below.
           Step 11. Add any amount obtained in step 10 to the person's provisional payment rate (see step 9). The result is the person's rate of veteran payment.
                  Note 1: For ordinary/adjusted income see point SCH6‑E1.
                  Note 2: If a person's assets reduced rate is less than the person's income reduced rate, the person may be able to take advantage of provisions dealing with financial hardship (sections 52Y and 52Z).
                  Note 3: If a person's rate is reduced because of Module E or F, the order in which the reduction is to be made against the components of the maximum payment rate is laid down by clause 4 of Part 1.
                  Note 4: The rate calculation for a member of a couple is affected by the operation of point SCH6‑A2.
                  Note 5: The rate of veteran payment for a day will be rounded to the nearest cent (see subsection 58A(5)).
                  Note 6: For the minimum amount of a fortnightly instalment of veteran payment, see subsection 58A(9).
                  Note 7: An amount of remote area allowance is to be added under step 11 only if the person's rate of veteran payment is greater than nil.

Method statement 8 (veteran payment, blind)
 (9) The rate of veteran payment for a person