Document ID: chunk:federal_register_of_legislation:C2004A04993:body:0:p62
Version: federal_register_of_legislation:C2004A04993
Segment Type: other
Provision Reference: 
Character Range: 157308–160091

3 amounts referred to in subsection (2). George can therefore be paid an advance payment of $254.80.

Example 2:

Facts:

Carol has, at all times during the past 4 months, been receiving a newstart allowance. Her fortnightly payment rate is $255. She applies for an advance payment of $430.

Application:

The maximum amount of advance payment payable to Carol is worked out under subsection (3) as follows: 14% x $255 x 13 = $464.10. The smallest of the 3 amounts referred to in subsection (2) is $430. Carol can therefore be paid an advance payment of $430.

SCHEDULE 12—continued

Amount of advance—long-term job search allowance or newstart allowance recipients

Application

"1061EG.(1) This section applies to the calculation of the amount of an advance payment of job search allowance or of newstart allowance if the applicant for the advance payment has been receiving a job search allowance, a newstart allowance or a youth training allowance, or 2 or more of those allowances sequentially, throughout the 6 months immediately before the application.

Amount of advance

"(2) Subject to section 1061EH, the amount of the advance payment is the smallest of the following amounts:

    (a) the amount of advance payment sought;

    (b) the maximum amount of advance payment payable to the person as worked out under subsection (3);

    (c) $1,000.

Formula for maximum amount of advance under paragraph (2)(b)

"(3) For the purposes of paragraph (2)(b), the maximum amount of advance payment payable to the person is the amount worked out using the following formula:

where:

fortnightly payment rate is the fortnightly rate of benefit payable under the relevant Benefit Rate Calculator to the person on the last payday before the application for the advance payment was made, excluding any amount payable by way of remote area allowance.

Rounding

"(4) Amounts worked out under subsection (3) must be rounded to the nearest cent (rounding 0.5 cents upwards).

Example I:

Facts:

Angela has, at all times during the past 8 months, been receiving a newstart allowance. Her fortnightly payment rate is $88. She applies for an advance payment of $295.

Application:

The maximum amount of advance payment payable to Angela is worked out under subsection (3) as follows: 14% × $88 × 26 = $320.22. The smallest of the 3 amounts referred to in subsection (2) is $295. Angela can therefore be paid an advance payment of $295.

SCHEDULE 12—continued

Example 2:

Facts:

Philip has, at all times during the past 10 months, been receiving either a job search allowance or a newstart allowance. His fortnightly payment rate is $239. He applies for an advance payment of $915.

Application:

The maximum amount of advance payment payable to Philip is worked out under subsection (3)