Document ID: chunk:federal_register_of_legislation:C2004A04077:schedule:2:p8
Version: federal_register_of_legislation:C2004A04077
Segment Type: schedule
Provision Reference: sch 2 (pt 8/21)
Character Range: 59488–62201

the Social Security Act 1947.

  "(1b) A service pensioner has a credit amount for the purposes of this section in relation to a fortnight beginning on a pension pay day if the person's annual permissible income in that fortnight equals or exceeds the person's annual rate of income in that fortnight, and the amount of that credit amount is 1/26 of the person's annual permissible income.

  "(1c) A service pensioner who is a member of a service pensioner couple has a credit amount for the purposes of this section in relation to a fortnight beginning on a pension pay day if the person's spouse's annual permissible income in that fortnight equals or exceeds the person's spouse's annual rate of income in that fortnight, and the amount of that credit amount is 1/26 of the person's spouse's annual permissible income.

     "(1d) A service pensioner who is a member of a social security-service pensioner couple has a credit amount for the purposes of this section in relation to a fortnight beginning on a pension pay day if the person's spouse's annual permissible income (within the meaning of section 12a of the Social Security Act 1947) in that fortnight equals or exceeds the person's spouse's annual rate of income within the meaning of that section in that fortnight and the amount of that credit amount is 1/26 of that annual permissible income of the spouse.

     "(1e) For the purposes of this section, where a service pensioner who is a member of a pensioner couple becomes entitled to a payment for remunerative work undertaken by the person during a particular fortnight:

         (a) only half of the payment is taken to be income of the person; and

         (b) half of the payment is taken to be income of the person's spouse.

     "(1f) For the purposes of this section, where the member of a social security-service pensioner couple who is not a service pensioner becomes entitled to a payment for remunerative work undertaken by the member during a particular fortnight, half of the payment is taken to be income of the member's spouse.";

     (d) by inserting in subsection (4) "subparagraph 47 (4) (a) (ii) or" after "under".

Commencement: Immediately after the commencement of section 12 of the Social Security Legislation Amendment Act 1990

Calculation of value of property

52. Section 50 of the Principal Act is amended by omitting paragraph (8) (b) and substituting the following paragraphs:

      "(b) so much of any period during which the person resides in a nursing home as is not later than 2 years after the start of the period; and

   (c) any period during which:

        (i) the person resides in a nursing home; and

          (ii)  the residence is, or because