Document ID: chunk:federal_register_of_legislation:C2004A04993:body:0:p63
Version: federal_register_of_legislation:C2004A04993
Segment Type: other
Provision Reference: 
Character Range: 159840–162458

receiving either a job search allowance or a newstart allowance. His fortnightly payment rate is $239. He applies for an advance payment of $915.

Application:

The maximum amount of advance payment payable to Philip is worked out under subsection (3) as follows: 14% × $239 × 26 = $869.96. This is the smallest of the 3 amounts referred to in subsection (2). Philip can therefore be paid an advance payment of $869.96.

Minimum amount of advance payment

"1061EH.(1) An advance payment is not payable if it would be less than $250.

"(2) Subsection (1) does not prevent payment of an advance payment in instalments of less than $250.

Example:

Facts:

Sarah has, at all times during the past 14 weeks, been receiving sole parent pension. Her annual payment rate is $7,800. She applies for an advance payment of $470.

Application:

The maximum amount of advance payment payable to Sarah is worked out under subsection 1061ED(3) as follows: 6% x $7,800 = $468. The Secretary directs that the advance payment be paid in 2 equal instalments. Sarah therefore receives 2 instalments of $234 each.

"Division 5—Payment of advance payment

Advance payment to be paid to person or nominee

"1061EI.(1) Subject to subsection (3), an advance payment of a person's social security entitlement is to be paid to that person.

"(2) The Secretary may direct that the whole or part of the advance payment of a person's social security entitlement is to be paid to someone else on behalf of the person.

"(3) If the Secretary makes a direction under subsection (2), the advance payment is to be paid in accordance with the direction.

Payment into bank account etc.

"1061EJ.(1) An amount that is to be paid to a person under section 1061EI may only be paid in accordance with this section.

SCHEDULE 12—continued

"(2) Subject to this section, the amount is to be paid, at the time or times worked out under section 1061EB, to the credit of a bank account, credit union account or building society account nominated and maintained by the person.

"(3) The account may be an account that is maintained by the person either alone or jointly or in common with another person.

"(4) Where the person has not nominated an account for the purposes of subsection (2), then, subject to subsections (5) and (7), the amount is not to be paid.

"(5) Where:

    (a) an amount has not been paid because of subsection (4); and

    (b) the person nominates an account for the purposes of subsection (2); the amount is to be paid under subsection (2).

"(6) The Secretary may direct that the whole or a part of the amount be paid to the person in