Document ID: chunk:federal_register_of_legislation:C2025C00162:section:1073e:p2
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 1073E (pt 2/3)
Character Range: 2088231–2090915

bank applies because of a determination to suspend the person's social security pension or social security benefit; and
 (b) while the person's pension or benefit is suspended there is a determination to cancel the person's pension or benefit; and
 (c) the person had a working credit balance or a student income bank balance greater than nil immediately before the date of effect of the suspension determination; and
 (d) the person makes, or is taken to have made, a new claim for a social security pension or social security benefit; and
 (e) the Secretary determines that the new claim is to be granted with effect from a day within 12 months after the date of effect mentioned in paragraph (c); and
 (f) the person becomes a working credit participant on a day (the participation day), being either the day with effect from which the new claim is granted or a day following that day;
the working credit balance mentioned in paragraph (c), or the student income bank balance mentioned in that paragraph to the extent that it does not exceed the threshold amount (see subsection (7)), becomes the opening balance of the working credit applicable to the person on the participation day.

Opening balance following cessation of full‑time study by youth allowance recipient
 (5) If:
 (a) a person is receiving youth allowance and is undertaking full‑time study; and
 (b) the person ceases to undertake full‑time study; and
 (c) either because of a determination made as a result of that cessation or, if no determination is necessary, because of the cessation itself, the person, on a day (the participation day):
 (i) ceases to be a person to whom the student income bank set out in Module J of the Youth Allowance Rate Calculator applies; and
 (ii) becomes a working credit participant; and
 (d) the person had a student income bank balance greater than nil immediately before the participation day;
the student income bank balance mentioned in paragraph (d), to the extent that it does not exceed the threshold amount (see subsection (7)), becomes the opening balance of the working credit applicable to the person on the participation day.

Opening balance following cessation as a new apprentice by youth allowance recipient
 (5A) If:
 (a) a person is receiving youth allowance and is a new apprentice; and
 (b) the person ceases to be a new apprentice; and
 (c) either because of a determination made as a result of that cessation or, if no determination is necessary, because of the cessation itself, the person, on a day (the participation day):
 (i) ceases to be a person to whom the student income bank set out in Module J of the Youth Allowance Rate Calculator applies; and