Document ID: chunk:federal_register_of_legislation:C2025C00162:section:3:p5
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 3 (pt 5/10)
Character Range: 1716184–1718915

terminated
 1066A‑G5 If:
 (a) a person's employment has been terminated; and
 (b) the person receives a termination payment (whether as a lump sum payment, as a payment that is one of a series of regular payments or otherwise);
the person is taken to have received ordinary income for a period (the income maintenance period) equal to the period to which the payment relates.

More than one termination payment on a day
 1066A‑G6 If:
 (a) a person is covered by point 1066A‑G5; and
 (b) the person receives more than one termination payment on a day;
the income maintenance period is worked out by adding the periods to which the payments relate.

Start of income maintenance period—employment continuing
 1066A‑G7 If a person is covered by point 1066A‑G4, the income maintenance period starts on the first day of the leave period to which the leave payment entitlement relates.

Start of income maintenance period—employment terminated
 1066A‑G8 If a person is covered by point 1066A‑G5, the income maintenance period starts, subject to point 1066A‑G9, on the day on which the person is paid the termination payment.

Commencement of income maintenance period where there is a second termination payment
 1066A‑G9 If:
 (a) a person who is covered by point 1066A‑G5 is subject to an income maintenance period (the first period); and
 (b) the person is paid another termination payment during that period (the second termination payment);
the income maintenance period for the second termination payment starts on the day after the end of the first period.

Leave payments or termination payments in respect of periods longer than a fortnight
 1066A‑G10 If:
 (a) a person receives a leave payment or termination payment; and
 (b) the payment is in respect of a period longer than a fortnight;
the person is taken to receive in a payment fortnight or part of a payment fortnight an amount calculated by:
 (c) dividing the amount received by the number of days in the period to which the payment relates (the daily rate); and
 (d) multiplying the daily rate by the number of days in the payment fortnight that are also in the period.
 1066A‑G11 If the Secretary is satisfied that a person is in severe financial hardship because the person has incurred unavoidable or reasonable expenditure while an income maintenance period applies to the person, the Secretary may determine that the whole, or any part, of the period does not apply to the person.
Note 1: For in severe financial hardship see subsection 19C(2) (person who is not a member of a couple) and subsection 19C(3) (person who is a member of a couple).
Note 2: For unavoidable or reasonable expenditure see subsection 19C(4).
Note 3: If an income maintenance period applies