Document ID: chunk:federal_register_of_legislation:C2024C00866:clause:6_2:p5
Version: federal_register_of_legislation:C2024C00866
Segment Type: clause
Provision Reference: sch 6 cl 2 (pt 5/80)
Character Range: 2123875–2127389

adjusted annually under section 59H. The other assets value limits are indexed annually in line with CPI increases (see sections 59B to 59E).

Reduction for assets in excess of assets value limit
 SCH6‑F4(1) A person's reduction for assets is worked out by using the formula:

where:
assets excess means the value of the person's assets less the person's assets value limit.
 (2) In calculating a person's assets excess under subpoint (1), disregard any part of the excess that is not a multiple of $250.

Module G—Remote area allowance

Remote area allowance
 SCH6‑G1 An amount by way of remote area allowance is to be included in a person's rate of service pension, income support supplement or veteran payment if:
 (a) one of the following subparagraphs applies:
 (i) the person's rate of service pension, income support supplement or veteran payment apart from this point is greater than nil; or
 (ii) in the case of service pension or income support supplement—the person's rate of service pension or income support supplement apart from this point is nil merely because an advance pharmaceutical allowance has been paid to the person under Part 2.23 of the Social Security Act; or
 (iii) in the case of service pension or income support supplement—the person's rate of service pension or income support supplement apart from this point is nil merely because of the operation of Part IVA; and
 (b) the person's usual place of residence is situated in the remote area; and
 (c) the person is physically present in the remote area.
Note: For remote area and physically present in the remote area see section 5Q.

Rate of remote area allowance
 SCH6‑G2 The rate of remote area allowance payable to a person is worked out using Table G. Work out which family situation in the table applies to the person. The rate of remote area allowance is the corresponding amount in column 3 plus an additional corresponding amount in column 5 for each FTB child, and each regular care child, of the person.

Table G—Remote area allowance
Column 1                       Column 2                                               Column 3                  Column 4                       Column 5                       Column 6
Item                           Person's family situation                              Basic allowance per year  Basic allowance per fortnight  Additional allowance per year  Additional allowance per fortnight
                                                                                                                $                                                             $
                                                                                      $                                                        $
1.                             Not member of a couple                                 473.20                    18.20                          189.80                         7.30
                               A member of an illness separated couple
                               A member of a respite care couple
                               Partnered—partner not receiving remote area allowance
2.                             Partnered (partner receiving remote area allowance)    405.60                    15.60                          189.80                         7.30

Note 1: For FTB child and regular care child see subsection 5F(1).
Note 2: For member of a couple and partnered see section 5E.
Note 3: For illness separated couple and respite care couple see