Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1164

Certain lump sums to be treated as though they were received as periodic compensation payments

    If:

  (a)   a person was entitled to periodic compensation payments under a law of a State or Territory; and

  (b)   the person's entitlement to the periodic payments was converted under the law of the State or Territory into an entitlement to a lump sum; and

  (c)   the lump sum was calculated by reference to a period;

this Part applies to the person as if:

  (d)   the person had not received:

  (i)   the lump sum; or

  (ii)   if the lump sum was to be paid in instalments--any of the instalments; and

  (e)   the person had received in each fortnight during the period a periodic compensation payment equal to:

Start formula start fraction Lump sum amount over Number of fortnights in the period end fraction end formula

    where:

    lump sum amount is the amount of the lump sum referred to in paragraph   (b);

    number of fortnights in the period is the number of whole fortnights in the period referred to in paragraph   (c).


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