Document ID: chunk:federal_register_of_legislation:C2005A00066:clause:1_18
Version: federal_register_of_legislation:C2005A00066
Segment Type: clause
Provision Reference: sch 1 cl 18
Character Range: 7537–8559

18  After subsection 1073E(5)
Insert:

Opening balance following cessation as a new apprentice by youth allowance recipient

 (5A) If:
 (a) a person is receiving youth allowance and is a new apprentice; and
 (b) the person ceases to be a new apprentice; and
 (c) either because of a determination made as a result of that cessation or, if no determination is necessary, because of the cessation itself, the person, on a day (the participation day):
 (i) ceases to be a person to whom the student income bank set out in Module J of the Youth Allowance Rate Calculator applies; and
 (ii) becomes a working credit participant; and
 (d) the person had a student income bank balance greater than nil immediately before the participation day;
the student income bank balance mentioned in paragraph (d), to the extent that it does not exceed $1,000, becomes the opening balance of the working credit applicable to the person on the participation day.

Part 2—Amendments relating to austudy payment

Social Security Act 1991