Document ID: chunk:federal_register_of_legislation:C2007C00215:clause:16_4:p1
Version: federal_register_of_legislation:C2007C00215
Segment Type: clause
Provision Reference: sch 16 cl 4 (pt 1/4)
Character Range: 294127–296805

4  Section 1064 (after Module E)
Insert:

Module F—Ordinary income for the purposes of disability support pension

Application of this Module

 1064‑F1 This Module applies only for the purposes of working out the rate of disability support pension payable to a person. It so applies to that person and, if the person is a member of a couple, to the person's partner.

Lump sum payments arising from termination of employment

 1064‑F2 Subject to points 1064‑F3 to 1064‑F14 (inclusive), if:
 (a) a person's employment has been terminated; and
 (b) as a result the person is entitled to a lump sum payment from the person's former employer;
the person is taken to have received the lump sum payment on the day on which the person's employment was terminated.

Rolling over lump sum payments

 1064‑F3 If:
 (a) a person's employment has been terminated; and
 (b) as a result the person is entitled to a lump sum termination payment from the person's former employer; and
 (c) the person rolls over the lump sum termination payment into an approved deposit fund, a superannuation fund or a deferred annuity;
the lump sum termination payment is to be disregarded in working out the ordinary income of the person for the purposes of Module E.

Certain leave payments taken to be ordinary income—employment continuing

 1064‑F4 If:
 (a) a person is employed; and
 (b) the person is on leave for a period; and
 (c) the person is or was entitled to receive a leave payment (whether as a lump sum payment, as a payment that is one of a series of regular payments or otherwise) in respect of a part or all of a leave period;
the person is taken to have received ordinary income for a period (the income maintenance period) equal to the leave period to which the leave payment entitlement relates.

Certain payments taken to be ordinary income—employment terminated

 1064‑F5 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

 1064‑F6 If:
 (a) a person is covered by point 1064‑F5; 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

 1064‑F7 If a person is covered by point 1064‑F4, the income maintenance period starts on the first day of the leave period