Commonwealth Consolidated Acts Commonwealth Consolidated ActsApplication
(1) The amount of an advance payment of benefit PP (partnered), youth allowance, austudy payment or jobseeker payment is worked out according to this section.
Amount of advance
(2) The amount of the advance payment is the smallest of the following amounts:
(a) the amount of advance payment sought;
(b) the maximum amount of advance payment payable to the person as worked out under subsection (4);
(c) $500.
Note: The amount of the advance payment will be at least $250 (see paragraph 1061A(4)(a)).
Formula for maximum amount of advance: benefit PP (partnered), youth allowance, austudy payment or jobseeker payment
(4) For the purpose of paragraph (2)(b), the maximum amount of advance payment of benefit PP (partnered), youth allowance, austudy payment or jobseeker payment payable to the person is the amount worked out under the following formula:
Rounding
(5) Amounts worked out under subsection (4) must be rounded to the nearest cent (rounding 0.5 cents upwards).
Meaning of fortnightly payment rate
(6) For the purposes of the formula in subsection (4):
"fortnightly payment rate" means:
(a) in relation to benefit PP (partnered)--the fortnightly rate of that benefit payable under the Benefit PP (Partnered) Rate Calculator to the person on the last payday before the application for the advance payment was lodged, excluding any amount payable by way of remote area allowance; or
(b) in relation to jobseeker payment--the fortnightly rate of that benefit payable under Benefit Rate Calculator B to the person on the last payday before the application for the advance payment was lodged, excluding any amount payable by way of remote area allowance; or
(c) in relation to youth allowance--the fortnightly rate of that benefit payable under the Youth Allowance Rate Calculator to the person on the last payday before the application for the advance payment was made, excluding any amount payable by way of remote area allowance; or
(d) in relation to austudy payment--the fortnightly rate of that benefit payable under the Austudy Payment Rate Calculator to the person on the last payday before the application for the advance payment was made, excluding any amount payable by way of remote area allowance.