Document ID: chunk:federal_register_of_legislation:C2013C00026:clause:5_24d
Version: federal_register_of_legislation:C2013C00026
Segment Type: clause
Provision Reference: sch 5 cl 24D
Character Range: 211414–212373

24D  Clean energy advance daily rate

Recipient has reached pension age

 (1) If the recipient reaches pension age on or before the decision day, the recipient's clean energy advance daily rate is worked out by:
 (a) working out 1.7% of the total of:
 (i) double the maximum basic rate under Pension Rate Calculator A, worked out for 1 July 2012 for a person who is partnered; and
 (ii) the combined couple rate of pension supplement for 1 July 2012; and
 (b) rounding the result of paragraph (a) up or down to the nearest multiple of $5.20 (rounding up if that result is not a multiple of $5.20 but is a multiple of $2.60); and
 (c) adding $5.20 to the result of paragraph (b); and
 (d) applying the applicable percentage in the following table to the result of paragraph (c); and
 (e) dividing the result of paragraph (d) by 364.

Percentage to be applied
Item                      Recipient's family situation on the advance qualification day  Use this %