Document ID: chunk:federal_register_of_legislation:C2004A04837:schedule:3:p1
Version: federal_register_of_legislation:C2004A04837
Segment Type: schedule
Provision Reference: sch 3 (pt 1/14)
Character Range: 127102–129960

Schedule 3

59. Schedule 3 to the Principal Act is amended:

    (a) by omitting items 2, 3, 4 and 5 and substituting the following items:

         "2. Paragraph 45ZK(2)(b):

    Omit '8', '8A', '8B' and '8C, substitute '2', '3', '4' and '5' respectively.

         3. Subsection 45ZL(2):

    Omit '8A', substitute '3'.

         4. Subsection 45ZM(3):

    Omit '8B', substitute '4'.

         5. Section 45ZN:

    Omit '8', substitute '2'.";

    (b) by omitting from item 105 "or".

PART 4—AMENDMENTS OF OTHER ACTS

Consequential amendments

60. The Acts specified in Schedule 6 are amended as set out in that Schedule.

    Note: The amendments of those Acts are required consequential upon the repeal of the Seamen's War Pensions and Allowances Act 1994 by section 47 of the Veterans' Affairs (1994-95 Budget Measures) Legislation Amendment Act 1994.

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 SCHEDULE 1 Section 19

AMENDMENTS OF RATE CALCULATOR IN SECTION 45X OF THE VETERANS' ENTITLEMENTS ACT 1986

PART 1—MODULES TO BE SUBSTITUTED FOR MODULES B AND C

"MODULE B—OVERALL RATE CALCULATION PROCESS

Method of calculating rate (persons who are not permanently blind)

"45X-B1. The rate of income support supplement for a person who is not permanently blind is an annual rate worked out as follows (fortnightly amounts are provided for information only):

Method statement
Step 1.           Work out the amount of the person's maximum basic rate using MODULE C below.
Step 2.           Work out the amount per year (if any) for rent assistance using MODULE D below.
Step 3.           Add up the amounts obtained in Steps 1 and 2: the result is called the maximum payment rate.
Step 4.           Apply the adjusted income test using MODULE E below to work out the reduction for adjusted income.
Step 5.           Take the amount obtained in Step 4 away from the maximum payment rate: the result is called the adjusted income reduced rate.
Step 6.           Apply the assets test using MODULE F below to work out the reduction for assets.
Step 7.           Take the reduction for assets away from the maximum payment rate: the result is called the assets reduced rate.
Step 8.           Work out the person's ceiling rate using points 45X-A3 and 45X-A4.

SCHEDULE 1—continued

Method statement—continued

Step 9.   Find out, using points 45X-A5 and 45X-A6, whether the pension payable to the person under Part II or Part IV is compensation reduced.
          If the pension is not compensation reduced, go directly to Step 12.
          If the pension is compensation reduced, work out the amount of the reduction in the pension using point 45X-A7; then go to Step 10.
Step 10.  This Step applies only to a person whose pension under Part II or IV is compensation reduced. Add the amount of the reduction in the person's pension (see Step 9) to the person's ceiling rate