Document ID: chunk:federal_register_of_legislation:C2005A00069:clause:1_4:p1
Version: federal_register_of_legislation:C2005A00069
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 1/2)
Character Range: 3457–5922

4  At the end of section 24A
Add:

$10,000 in off‑farm salary and wages disregarded

 (4) 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 1 July 2005; and
 (b) ending at the end of 30 June 2006 or, if a later day is prescribed, at the end of that later day (the closing day);
disregard the off‑farm salary and wages of the person, or if the person is a member of a couple, the off‑farm salary and wages of the person and the person's partner, in the amount worked out under subsections (5) and (6).

 (5) Except in a case to which subsection (6) applies, for a fortnight which falls in whole or in part in a particular financial year, disregard the lesser of:
 (a) the total amount of off‑farm salary and wages of the person or, if the person is a member of a couple, of the person and the person's partner, 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 off‑farm salary and wages of the person or, if the person is a member of a couple, of the person and the person's partner, 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 (4).
  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.

 (6) If the closing day is not 30 June, then for a fortnight which falls in whole or in part in the period beginning at the start of the immediately preceding 1 July and ending at the end of the closing day, disregard the lesser of:
 (a) the total amount of off‑farm salary and wages of the person or, if the person is a member of a couple, of the person and the person's partner, 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 off‑farm salary and wages of the person or, if the person is a member of a couple, of the person and the person's partner, already disregarded in calculating a rate referred to in subsection (1) for the person for fortnights that fall in whole or in