Document ID: chunk:federal_register_of_legislation:C2004A03539:body:0:p13
Version: federal_register_of_legislation:C2004A03539
Segment Type: other
Provision Reference: 
Character Range: 30976–33659

the applicable rate;
    the rate so payable shall be reduced by the amount per annum of the excess.".
Commencement: Day of Royal Assent

(4) Section 7 of the Principal Act is amended:
    (a) by omitting from paragraph (1) (a) ", 38 (4) (b)";
    (b) by omitting from subsection (3) ", 38"; and
    (c) by omitting from paragraph (3) (b) ", 38 (4)".
Commencement: 24 December 1987

Pension reduction amounts
12. Section 8 of the Principal Act is amended by inserting "or Part XIII" after "Part VI".
Commencement: Day of Royal Assent

Certain persons to be disregarded for certain purposes
13. Section 10 of the Principal Act is amended by inserting in paragraph (3) (a) "(or child disability allowance)" after "handicapped child's allowance" (last occurring).
Commencement: 15 November 1987

Certain persons deemed to continue to receive full time education
14. Section 11 of the Principal Act is amended:
    (a) by omitting paragraph (b) and substituting the following paragraph:
       "(b) an unemployment benefit is not payable to the person during a period because of the operation of section 127 or 136;"; and
    (b) by inserting "116, 117," after "other than sections".
Commencement: 1 September 1987

15. (1) After section 12 of the Principal Act the following section is inserted in Part I:

Earnings credit
"12a. (1) In this section:
    'annual permissible income', in relation to a person, means:
        (a) the annual rate specified in paragraph 33 (12) (a), 38 (4) (a) or 48 (3) (a) that is applicable to the person; or
        (b) if the person has a dependent child or children—the rate referred to in paragraph (a) increased by the annual rate applicable to the person under subsection 35 (1) or 49 (1);
    'annual rate of income', in relation to a person who is receiving a pension the rate of which is calculated under or by reference to Part IV or V, means the annual rate of income of the person for the purposes of those Parts calculated without regard to subsection 35 (1) and paragraph 49 (1) (a);
    'credit amount', in relation to a person whose annual permissible income in a particular week ending on a Wednesday exceeds the person's annual rate of income in that week, means one fifty-second of an amount equal to that excess;
    'earnings credit', in relation to a person who is receiving a pension, in relation to the week commencing on 5 November 1987 and in relation to each succeeding week, means:
        (a) in the case of a person who is receiving a pension on 4 November 1987:
            (i) in relation to the week commencing on 5 November 1987—the sum of the credit amounts (if any) in relation to the person calculated from 1 January