Document ID: chunk:federal_register_of_legislation:C2004A03539:body:0:p35
Version: federal_register_of_legislation:C2004A03539
Segment Type: other
Provision Reference: 
Character Range: 83911–86551

by an amount per week equal to 25% of that amount.
"(4) The rate of a benefit shall not be reduced under subsection (3) to a rate below $25 per week, but nothing in this section prevents the application of section 122 to the rate of benefit remaining after the application of this section.
"(5) Where:
    (a) subsection (3) applies to a person;
    (b) the person makes a request in writing in accordance with a form approved by the Secretary that this subsection apply to the person; and
    (c) the taxable income of the person's parents for the year of income following the last year of income is, or is likely to be, at least 25% less than the taxable income of the person's parents for the last year of income;
that following year of income shall be used in determining the amount per week of the benefit that is payable to the person during the period commencing on the day on which the request is received by the Department and ending on the first anniversary of that day.".
Commencement: Day of Royal Assent

Income and assets test
42. Section 122 of the Principal Act is amended:
    (a) by omitting subsection (1) and substituting the following subsection:
    "(1) Subject to subsection (2), where an unemployment benefit or a sickness benefit is payable to a person whose income exceeds $60 per fortnight, the rate per week of that benefit shall be reduced:
        (a) if the income of the person does not exceed $140 per fortnight—by one quarter of the amount by which that income exceeds $60 per fortnight; or
        (b) in any other case—by an amount equal to the sum of $20 and one half of the amount by which that income exceeds $140 per fortnight.";
    (b) by omitting from subsection (8) "week" (wherever occurring) and substituting "fortnight";
    (c) by omitting from subsection (8) "weeks" and substituting "fortnights"; and
    (d) by adding at the end the following subsection:

    "(10) Subject to section 7, a benefit is not payable to a person who has attained the age of 25 years if the value of the property of the person exceeds the amount specified in the paragraph of section 8 that applies to the person.".
Commencement: Day of Royal Assent

Unemployment benefit not payable in certain cases
43.(1) Section 126 of the Principal Act is amended by omitting from paragraph (3) (b) "whether before or after the commencement of this subsection" and substituting "on or after 1 July 1987".
Commencement: 1 July 1987

(2) Section 126 of the Principal Act is amended by inserting after paragraph (1) (c) the following paragraph:
      "(ca) a person refuses or fails, without sufficient reason, to comply with