Reduced daily pension amount—pensions under Parts II and IV
115D Reduced daily pension amount—pensions under Parts II and IV
Application of section
This section applies to a veteran if:
section 23 applies to the veteran; and
the veteran is engaged in remunerative work of 20 hours or more per week as a result of undertaking a transferred VEA rehabilitation program.
The section sets out how to work out the veteran’s reduced daily pension amount.
This amount is used to work out the rate of pension payable under section 23.
This section does not apply to certain veterans: see subsections (5) and (6).
This section also applies to a veteran if:
section 24 applies to the veteran; and
the veteran is engaged in remunerative work of more than 8 hours per week as a result of undertaking a transferred VEA rehabilitation program.
The section sets out how to work out the veteran’s reduced daily pension amount.
This amount is used to work out the rate of pension payable under section 24.
This section does not apply to certain veterans: see subsections (5) and (6).
Reduced daily pension amount during the initial period
A veteran’s reduced daily pension amount for a pension period that occurs within the initial period is worked out using the following formula:
Start formula start fraction Veteran's daily above general rate over 2 end fraction times open bracket 1 plus Veteran's taper amount close bracket end formula
Expressions used in this subsection are defined in subsection (7).
The Commission can increase a reduced daily pension amount under section 115F.
Reduced daily pension amount during the second period
A veteran’s reduced daily pension amount for a pension period that occurs within the second period is worked out using the following formula:
Start formula start fraction Veteran's daily above general rate over 2 end fraction times open bracket 1 plus Veteran's taper amount close bracket times open bracket 2 minus CPI amount close bracket end formula
Expressions used in this subsection are defined in subsection (7).
The Commission can increase a reduced daily pension amount under section 115F.
Reduced daily pension amount 5 years after the initial period
A veteran’s reduced daily pension amount for a pension period that occurs more than 5 years after the end of the initial period is nil.
The Commission can increase a reduced daily pension amount under section 115F.
Veteran who is unemployed for at least 2 weeks
This section does not apply to a veteran who is unemployed for a continuous period of at least 2 weeks in respect of the pension periods within that 2 week period.
Veteran who is blinded in both eyes
This section does not apply to a veteran for a pension period if the veteran is receiving a pension for the period at the special rate because of subsection 24(3).
Definitions
In this section:
CPI amount means the amount worked out using the following formula:
Start formula start fraction 20 over 20 minus Number of CPI indexation days that have occurred since the beginning of the second period end fraction end formula
daily above general rate for a veteran means the rate worked out using the following formula:
Start formula start fraction Veteran's pension rate on commencement minus general rate over 14 end fraction end formula
initial period for a veteran means the period:
that begins on the day after the day the veteran first commenced remunerative work as a result of undertaking a transferred VEA rehabilitation program; and
that ends immediately before the first CPI indexation day that occurs more than 2 years after that day.
pension rate on commencement for a veteran means the rate of pension under this Act that was payable to the veteran on the day on which the veteran commenced the veteran’s transferred VEA rehabilitation program.
second period means the period:
that begins immediately after the initial period; and
runs for 5 years.
taper amount for a veteran means the following amount:
if the veteran’s average weekly hours are 40 hours or more—zero;
if subsection (1) applies and the veteran’s average weekly hours are less than 40 hours—the amount worked out using the following formula:
Start formula start fraction 40 minus Veteran's average weekly hours over 20 end fraction end formula
if subsection (1A) applies and the veteran’s average weekly hours are less than 40 hours—the amount worked out using the following formula:
Start formula start fraction 40 minus Veteran's average weekly hours over 32 end fraction end formula
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