Social Security Act 1991

Subject to this section, each working credit participant has, on becoming a working credit participant, a working credit opening balance of nil.

If:

a person ceases to be a working credit participant or a person to whom the student income bank applies because of a determination to cancel, or an automatic cancellation of, the person’s social security pension or social security benefit; and

the person had a working credit balance or a student income bank balance greater than nil immediately before the date of effect of the determination or cancellation; and

the person makes, or is taken to have made, a new claim for a social security pension or social security benefit; and

the Secretary determines that the new claim is to be granted with effect from a day within 12 months after the date of effect mentioned in paragraph (b); and

the person becomes a working credit participant on a day (the participation day), being either the day with effect from which the new claim is granted or a day following that day;

If:

a person ceases to be a working credit participant because of a determination to suspend the person’s social security pension or social security benefit; and

the person had a working credit balance greater than nil immediately before the date of effect of the determination; and

within 12 months after the date of effect of the determination, the payment of the person’s pension or benefit is resumed; and

the person becomes a working credit participant on the day with effect from which the person’s pension or benefit is resumed;

If:

a person ceases to be a working credit participant or a person to whom the student income bank applies because of a determination to suspend the person’s social security pension or social security benefit; and

while the person’s pension or benefit is suspended there is a determination to cancel the person’s pension or benefit; and

the person had a working credit balance or a student income bank balance greater than nil immediately before the date of effect of the suspension determination; and

the person makes, or is taken to have made, a new claim for a social security pension or social security benefit; and

the Secretary determines that the new claim is to be granted with effect from a day within 12 months after the date of effect mentioned in paragraph (c); and

the person becomes a working credit participant on a day (the participation day), being either the day with effect from which the new claim is granted or a day following that day;

If:

a person is receiving youth allowance and is undertaking full‑time study; and

the person ceases to undertake full‑time study; and

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):

ceases to be a person to whom the student income bank set out in Module J of the Youth Allowance Rate Calculator applies; and

becomes a working credit participant; and

the person had a student income bank balance greater than nil immediately before the participation day;

If:

a person is receiving youth allowance and is a new apprentice; and

the person ceases to be a new apprentice; and

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):

ceases to be a person to whom the student income bank set out in Module J of the Youth Allowance Rate Calculator applies; and

becomes a working credit participant; and

the person had a student income bank balance greater than nil immediately before the participation day;

If:

a person to whom the income bank under the ABSTUDY scheme applies stops being such a person; and

the person becomes a working credit participant on a day (the participation day) within 12 months after so stopping; and

immediately before so stopping, the person had a credit balance greater than nil under the scheme;

In this section:

if, on the participation day, the person is receiving youth allowance, the person is not undertaking full‑time study and the person is not a new apprentice—$3,500; or

in any other case—$1,000.