Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:3_61d
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 3 cl 61D
Character Range: 133863–135650

61D  Clean energy advance daily rate

For pension at rate affected by Division 4 of Part II

 (1) The clean energy advance daily rate for a person's pension under Part II or IV at a rate determined under or by reference to subsection 22(3), 22(4), 23(4) or 24(4), but not under or by reference to section 27, is worked out by:
 (a) working out 1.7% of the rate for 1 July 2012 specified in whichever one of those subsections is relevant; and
 (b) adding 20 cents to the result of paragraph (a); and
 (c) rounding the result of paragraph (b) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents); and
 (d) dividing the result of paragraph (c) by 14.

 (2) The clean energy advance daily rate for a person's pension under Part II or IV at a rate determined under or by reference to section 27, is worked out by:
 (a) working out 1.7% of the rate for 1 July 2012 specified in the subsection mentioned in column 2 of whichever item of the following table is relevant; and
 (b) adding 20 cents to the result of paragraph (a); and
 (c) rounding the result of paragraph (b) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents); and
 (d) dividing the result of paragraph (c) by 14.

Relevant subsection for working out clean energy advance daily rate
                                                                     Column 1                                                                                                       Column 2
                                                                     Rate of the person's pension under section 27 on 1 July 2012 (assuming the person received the pension then):  Subsection