Document ID: chunk:federal_register_of_legislation:C2024C00866:section:62d
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 62D
Character Range: 1150797–1152777

62D  Electing for quarterly payment of energy supplement for pension under Part II or IV

Election
 (1) A person may, in a manner or way approved by the Commission, make an election to be paid quarterly instalments of:
 (a) the person's energy supplement under section 62A; or
 (b) the person's energy supplement under section 62B.
Note 1: If the person is receiving both kinds of pension under Part II or IV, he or she may make an election relating to one kind but not the other or make separate elections for each kind.
Note 2: If a person does not make an election to be paid quarterly instalments of the energy supplement for one of those kinds of pensions, the supplement for that kind of pension will be paid in instalments under section 121.
 (2) The election:
 (a) comes into force as soon as practicable after it is made; and
 (b) ceases to be in force if the pension ceases to be payable to the person; and
 (c) may be revoked by the person, in a manner or way approved by the Commission, with effect as soon as practicable after the revocation is made.

Quarterly payment
 (3) An instalment of the energy supplement is to be paid to the person as soon as is reasonably practicable after the end of an instalment period.
 (4) The amount of the instalment is the total amount of the energy supplement payable to the person for the days in the instalment period. For this purpose, the rate of the energy supplement payable for a day is 1/14 of the fortnightly rate of the supplement that applied on that day.
 (5) In this section:
instalment period means a period:
 (a) on each day of which the election is in force; and
 (b) that either begins on any 20 March, 20 June, 20 September or 20 December or does not include any such day; and
 (c) that either ends on any 19 March, 19 June, 19 September or 19 December or does not include any such day; and
 (d) that is not included in a longer instalment period.

Subdivision B—Quarterly energy supplement for service pension