Document ID: chunk:federal_register_of_legislation:C2004A00406:clause:1_136
Version: federal_register_of_legislation:C2004A00406
Segment Type: clause
Provision Reference: sch 1 cl 136
Character Range: 69764–70631

136  Subsection 52‑35(3)
Repeal the subsection, substitute:

 (3) This is how to work out the tax‑free amount:

      Method statement
           Step 1. Work out the payments under the Social Security Act 1991 that would have become due to you during the bereavement lump sum period if:

                (a) the care receiver had not died; and
                (b) the care receiver had been under pension age.

           Step 2. Work out how much of those payments would have been exempt in those circumstances.
           Step 3. Work out the payments under the Social Security Act 1991 that would have become due to the care receiver during the bereavement lump sum period if the care receiver had not died, even if the payments would not have been exempt.
           Step 4. Total the payments worked out at Steps 2 and 3: the result is the tax‑free amount.