Document ID: chunk:federal_register_of_legislation:C2024C00866:section:58a:p2
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 58A (pt 2/3)
Character Range: 1053664–1056225

equal to the total of the part payments.
Note: The total of the part payments equals the amount worked out under subsection (2) (as affected by subsections (6) to (9), if relevant) as the amount payable to the person as the instalment of the pension in relation to the pension period.
 (3G) However, sections 58J (about payments to Commissioner of Taxation or Child Support Registrar) and 122B (about deductions from instalments) apply as if each of the part payments were a separate instalment.

Calculation of rate of pension payable
 (4) For the purpose of the calculation of the amount of an instalment of pension, the rate of pension payable to a person for a day is calculated by dividing the annual rate of pension by 364.
 (5) The amount worked out under subsection (4) is to be rounded to the nearest cent (rounding half a cent upwards).
 (6) If:
 (a) either or both of the following amounts are added to a person's maximum basic rate for a particular day in working out the amount of an instalment of a service pension:
 (i) a pension supplement amount more than the person's pension supplement basic amount;
 (ii) energy supplement; and
 (b) there is no election by the person under subsection 60A(1) in force on that day; and
 (c) apart from this subsection, the portion of the instalment corresponding to that day would be more than a nil amount but less than 1/364 of the total of:
 (i) the minimum pension supplement amount, if an amount described in subparagraph (a)(i) was added as described in paragraph (a); and
 (ii) the energy supplement (if any) added as described in paragraph (a);
the amount of that portion of the instalment is to be increased to 1/364 of that total.
 (7) If:
 (a) an amount of an instalment of income support supplement is payable to a person in relation to a particular day; and
 (b) on that day, the person is residing in Australia and:
 (i) is in Australia; or
 (ii) is temporarily absent from Australia and has been so for a continuous period not exceeding 6 weeks; and
 (c) there is no election by the person under subsection 60A(1) in force on that day; and
 (d) apart from this subsection, the portion of the instalment corresponding to that day would be less than 1/364 of the person's minimum pension supplement amount, but more than a nil amount;
the amount of that portion of the instalment is to be increased to 1/364 of the person's minimum pension supplement amount.
 (8) If:
 (a) an amount of an instalment of veteran payment is payable to a person in relation to a particular day; and
 (b) on that day,