Clean Energy (Household Assistance Amendments) Act 2011 (141 of 2011)

Schedule 3   Clean energy payments under the Veterans' Entitlements Act

Part 2   Clean energy supplements and quarterly clean energy supplement

Veterans' Entitlements Act 1986

10   After section 5GA

Insert:

5GB Clean energy supplement rate definitions

(1) The CES 22(3) rate is, subject to section 198, the rate worked out by:

(a) working out 1.7% of the rate specified in subsection 22(3) on 20 March 2013 (taking account of any indexation on that day); and

(b) rounding the result of paragraph (a) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents).

Note: Section 198 provides for indexation.

(2) The CES 22(4) rate is, subject to section 198, the rate worked out by:

(a) working out 1.7% of the rate specified in subsection 22(4) on 20 March 2013 (taking account of any indexation on that day); and

(b) rounding the result of paragraph (a) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents).

Note: Section 198 provides for indexation.

(3) The CES 23(4) rate is, subject to section 198, the rate worked out by:

(a) working out 1.7% of the rate specified in subsection 23(4) on 20 March 2013 (taking account of any indexation on that day); and

(b) rounding the result of paragraph (a) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents).

Note: Section 198 provides for indexation.

(4) The CES 24(4) rate is, subject to section 198, the rate worked out by:

(a) working out 1.7% of the rate specified in subsection 24(4) on 20 March 2013 (taking account of any indexation on that day); and

(b) rounding the result of paragraph (a) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents).

Note: Section 198 provides for indexation.

(5) The CES 30(1) rate is, subject to section 198, the rate worked out by:

(a) working out 1.7% of the rate specified in subsection 30(1) on 20 March 2013 (taking account of any indexation on that day); and

(b) rounding the result of paragraph (a) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents).

Note: Section 198 provides for indexation.

(6) The clean energy pension rate for a person is, subject to sections 59B, 59C, 59D and 59E, the rate worked out by:

(a) working out 1.7% of the total of:

(i) double the maximum basic rate under the Rate Calculator, worked out for 20 March 2013 (taking account of any indexation on that day) for a person who is partnered; and

(ii) the combined couple rate of pension supplement for 20 March 2013 (taking account of any indexation on that day); and

(b) rounding the result of paragraph (a) up or down to the nearest multiple of $5.20 (rounding up if that result is not a multiple of $5.20 but is a multiple of $2.60).

Note: Sections 59B, 59C, 59D and 59E provide for indexation.