Document ID: chunk:federal_register_of_legislation:C2025C00162:section:3:p14
Version: federal_register_of_legislation:C2025C00162
Segment Type: section
Provision Reference: s 3 (pt 14/16)
Character Range: 1843019–1845726

or (aa)):
 (a) the person is taken to have drawn from the person's income bank credit in respect of that fortnight; and
 (b) the amount drawn is taken to be an amount equal to the difference between the first‑mentioned amount and the ordinary income free area (see paragraph 1067G‑H29(a) or (aa)).

Income bank fortnight
 1067G‑J6 For the purposes of this Module, an income bank fortnight of a person is any fortnight, in respect of which youth allowance may be payable to the person, during the whole or a part of which this Module applies to the person.

Opening balance following cancellation of another social security pension or benefit
 1067G‑J7 If:
 (a) a person ceases to be a working credit participant because of a determination to cancel, or an automatic cancellation of, the person's social security pension or social security benefit; and
 (b) the person had a working credit balance greater than nil immediately before the date of effect of the determination or cancellation; and
 (c) the person makes a claim, or is taken to have made a claim, for a youth allowance; and
 (d) the Secretary determines that the claim is to be granted with effect from a day within 12 months after the date of effect mentioned in paragraph (b); and
 (e) the person becomes a person to whom this Module applies on a day (the module application day), being either the day with effect from which the claim is granted or a day following that day;
the working credit balance mentioned in paragraph (b) becomes the opening balance of the income bank credit applicable to the person on the module application day.

Opening balance following suspension of youth allowance
 1067G‑J8 If:
 (a) a person ceases to be a working credit participant because of a determination to suspend the person's youth allowance; and
 (b) the person had a working credit balance greater than nil immediately before the date of effect of the determination; and
 (c) within 12 months after the date of effect of the determination:
 (i) the person commences to undertake full‑time study or becomes a new apprentice; and
 (ii) the payment of the person's youth allowance is resumed; and
 (d) the person becomes a person to whom this module applies on the day with effect from which the person's youth allowance is resumed;
the working credit balance mentioned in paragraph (b) becomes the opening balance of the income bank credit applicable to the person on the day mentioned in paragraph (d).

Opening balance following suspension and subsequent cancellation of another social security pension or benefit
 1067G‑J9 If:
 (a) a person ceases to be a working credit participant because of a determination to suspend the person's social security