Document ID: chunk:federal_register_of_legislation:C2009A00060:clause:1_51
Version: federal_register_of_legislation:C2009A00060
Segment Type: clause
Provision Reference: sch 1 cl 51
Character Range: 17682–18421

51  Subsection 17(8)
Repeal the subsection, substitute:
 (8) For the purposes of the definition of income cut‑out amount in subsection (1), the formula is as follows:
where:
maximum basic rate means the amount specified in column 3 of item 1 of the table in point 1064‑B1.
ordinary free area limit means the amount specified in column 3 of item 1 in Table E‑1 in point 1064‑E4.
point 1064‑BA3 amount means the pension supplement amount worked out under point 1064‑BA3 for a person who is not a member of a couple:
 (a) whether or not the person for whom the income cut‑out amount is being worked out is a member of a couple; and
 (b) whether or not that point applies to the person for whom the income cut‑out amount is being worked out.