Document ID: chunk:federal_register_of_legislation:C2005C00734:clause:6_1073h:p2
Version: federal_register_of_legislation:C2005C00734
Segment Type: clause
Provision Reference: sch 6 cl 1073H (pt 2/2)
Character Range: 142830–143620

reduced.
           Step 8. If the participant's rate of total ordinary income, expressed on a fortnightly basis, for the day, is at least $48 and exceeds the participant's applicable ordinary income free area, expressed on a fortnightly basis for the day in accordance with step 5, the participant's working credit balance, if it is greater than nil on the day, is depleted on that day by the least of:

                (a) the amount of employment income determined under step 1; or
                (b) one fourteenth of the amount by which the participant's rate of total ordinary income, expressed on a fortnightly basis, exceeds the participant's applicable ordinary income free area, expressed on that basis; or
                (c) the participant's available working credit balance.