Document ID: chunk:federal_register_of_legislation:C2023C00380:clause:10_111a
Version: federal_register_of_legislation:C2023C00380
Segment Type: clause
Provision Reference: sch 10 cl 111A
Character Range: 336683–337444

111A  $3,000 opening balance for student income bank for students transferring from AUSTUDY
 (1) If an AUSTUDY living allowance was payable, or is to be taken to have been payable, immediately before 1 July 1998, to or in respect of a person who is of youth allowance age on that day, then Step 1 of the Method Statement in point 1067G‑J3 applies to the person as if the reference in that Step to zero were a reference to $3,000.
 (2) If an AUSTUDY living allowance was payable, or is to be taken to have been payable, immediately before 1 July 1998, to or in respect of a person who is of AUSTUDY age on that day, then Step 1 of the Method Statement in point 1067L‑E2 applies to the person as if the reference in that Step to zero were a reference to $3,000.