Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf an advance payment deduction that would otherwise be deducted from a person's instalment of pension exceeds the part of the advance payment that the person has not yet repaid (by previous deductions under this Division or otherwise), the amount of that advance payment deduction equals the part that the person has not yet repaid.
Example:
Facts: Anne has been paid an advance of $450. Anne's payment deduction is worked out under section 79M as follows:
(The amount is rounded to the nearest cent under section 79R.).
Anne has requested that the advance payment deduction be the larger amount of $55 (see section 79N), so that the advance will be repaid sooner.
Result: If $55 is deducted from Anne's fortnightly instalment of pension, $440 will have been repaid after 8 successive fortnights, leaving $10 unpaid. Under this section, the final advance payment deduction will be $10.