Document ID: chunk:federal_register_of_legislation:C2006C00614:clause:2_118pd
Version: federal_register_of_legislation:C2006C00614
Segment Type: clause
Provision Reference: sch 2 cl 118PD
Character Range: 34239–34893

118PD  Payment of seniors concession allowance by instalments

 (1) Seniors concession allowance is to be paid by instalments.

 (2) An instalment of seniors concession allowance is to be paid to a person as soon as is reasonably practicable on or after the seniors concession allowance test day in relation to which the allowance is payable to the person.

 (3) The amount of an instalment of seniors concession allowance is worked out by dividing the amount of the annual rate of seniors concession allowance by 2.

 (4) If the amount of the instalment is not a multiple of 10 cents, the amount is to be increased to the nearest multiple of 10 cents.