Document ID: chunk:federal_register_of_legislation:C2013C00585:clause:1_6:p2
Version: federal_register_of_legislation:C2013C00585
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 2/2)
Character Range: 19412–21685

reduced by an amount equal to that unused concession balance; and
 (b) if the person's rate of service pension or income support supplement for that period is greater than nil—the person's unused concession balance is reduced to nil.
Example: Bill earns $1,250 of employment income in a pension period. Bill's rate of service pension or income support supplement for that period is greater than nil.
 Under subsection (2), Bill's employment income for that period is reduced by $250, leaving Bill $1,000 of employment income for that period.
 Assume Bill's unused concession balance is $800.
 Under subsection (4), Bill's employment income for that period is further reduced by $800 leaving Bill $200 of employment income for that period.
 Bill's unused concession balance is now nil.

Employment income less than income concession amount
 (4A) If the person has employment income for a pension period but that income is less than the income concession amount for that period:
 (a) for the purposes of Module E of that Rate Calculator, the person's employment income for that period is reduced to nil; and
 (b) if the person's rate of service pension or income support supplement for that period is greater than nil—the person's unused concession balance (see section 46AC) is increased, subject to subsection 46AC(2), by an amount equal to the difference between that income concession amount and that employment income (before it was reduced).
Note: For employment income see section 46AB.
Example: Emma earns $100 of employment income in a pension period. Emma's rate of service pension or income support supplement for that period is greater than nil.
 Emma's employment income for that period is reduced to nil.
 Emma's unused concession balance is increased by $150.

No employment income
 (4B) If:
 (a) the person has no employment income for a pension period; and
 (b) the person's rate of service pension or income support supplement for that period is greater than nil;
the person's unused concession balance (see section 46AC) is increased, subject to subsection 46AC(2), by an amount equal to the income concession amount for that period.
Note: For employment income see section 46AB.

Definition
 (4C) The income concession amount for a pension period is $250.