Document ID: chunk:federal_register_of_legislation:C2024C00458:section:43:p2
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 43 (pt 2/4)
Character Range: 202399–204999

total amount of the social security periodic payment relating to the instalment period in part payments, then it is taken for the purposes of the social security law that:
 (a) a single instalment of the social security periodic payment is, or is to be, paid in relation to the period; and
 (b) that instalment is, or is to be, paid when the last of the part payments is, or is to be, made; and
 (c) that instalment is equal to the total of the part payments.
Note: The total of the part payments equals the amount worked out under subsection (3) (as affected by subsection (4), if relevant) as the amount to be paid to the person as the instalment of the social security periodic payment in relation to the instalment period.
 (3F) However, the following provisions of this Act (about deductions from instalments) apply as if each of the part payments were a separate instalment:
 (a) section 61;
 (b) Division 5 of Part 3B;
 (c) subsection 238(2).

Minimum daily rate
 (4) If:
 (a) either or both of the following amounts (the added amounts) are added to a person's maximum basic rate for a particular day in working out the amount of an instalment of a social security payment:
 (i) an amount of pharmaceutical allowance;
 (ii) a pension supplement amount; and
 (aa) the social security payment:
 (i) is not a social security pension; or
 (ii) is a disability support pension to which subsection 1066A(1) or 1066B(1) of the 1991 Act applies; or
 (iii) if the person has not reached pension age on the day—is a pension PP (single); and
 (b) if an added amount is a pension supplement amount used by the Rate Calculator to produce an annual rate—the total of the added amounts is more than the person's pension supplement basic amount; and
 (c) there is no election by the person under subsection 1061VA(1) of the 1991 Act in force on that day; and
 (d) apart from this subsection, the portion of the instalment corresponding to that day would be less than the person's minimum daily rate, but more than a nil amount;
the amount of that portion of the instalment is to be increased to the person's minimum daily rate.
 (5) In subsection (4):
minimum daily rate, for a person, means:
 (a) if an amount of pharmaceutical allowance is an added amount:
 (i) if the Rate Calculator for the social security payment produces a fortnightly rate—1/14 of that amount; or
 (ii) if the Rate Calculator for the social security payment produces an annual rate—1/364 of that amount; or
 (b) if a pension supplement amount is the only added amount—1/364 of the person's minimum pension supplement amount.
 (5AA) If: