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SOCIAL SECURITY ACT 1991 - SECT 93J

Amount of pension bonus

No change in couple status during overall qualifying period

  (1)   If:

  (a)   a person was a member of a couple throughout the person's overall qualifying period; or

  (b)   a person was not a member of a couple at any time during the person's overall qualifying period;

the amount of the person's pension bonus is worked out using the following formula (for rounding up, see subsection   (7)):

Start formula Annual pension rate times Pension multiple times No. of years in the person's overall qualifying period end formula

Change in couple status during overall qualifying period

  (2)   If subsection   (1) does not apply to a person, the amount of the person's pension bonus is worked out using the following formula (for rounding up, see subsection   (7)):

Start formula open bracket Annual notional single pension rate times Pension multiple times No. of single years during overall qualifying period close bracket plus open bracket Annual notional partnered pension rate times Pension multiple times No. of partnered years during overall qualifying period close bracket end formula

  (3)   For the purposes of this section, a person's annual notional single pension rate is equal to:

  (a)   if the person is not permanently blind--the adjusted percentage of the sum of:

  (i)   the person's maximum basic rate under Table B in point 1064 - B1; and

  (ii)   the amount worked out for the person using the table in subsection   93H(4);

    calculated in each case as at the start day for the age pension and assuming that the person was not a member of a couple at that day; or

  (b)   if the person is permanently blind--the sum of:

  (i)   the person's maximum basic rate under Table B in point 1065 - B1; and

  (ii)   the amount worked out for the person using the table in subsection   93H(4);

    calculated in each case as at the start day for the age pension and assuming that the person was not a member of a couple at that day.

  (4)   For the purposes of this section, a person's annual notional partnered pension rate is equal to:

  (a)   if the person is not permanently blind--the adjusted percentage of the sum of:

  (i)   the person's maximum basic rate under Table B in point 1064 - B1; and

  (ii)   the amount worked out for the person using the table in subsection   93H(4);

    calculated in each case as at the start day for the age pension and assuming that the person was a member of a couple at that day; or

  (b)   if the person is permanently blind--the sum of:

  (i)   the person's maximum basic rate under Table B in point 1065 - B1; and

  (ii)   the amount worked out for the person using the table in subsection   93H(4);

    calculated in each case as at the start day for the age pension and assuming that the person was a member of a couple at that day.

  (5)   For the purposes of this section, a person's adjusted percentage is the percentage worked out using the following formula (for rounding up, see subsection   (8)):

Start formula start fraction Annual pension rate over Maximum basic rate end fraction times 100 end formula

where:

"maximum basic rate" is the sum of the person's maximum basic rate worked out using Module B of Pension Rate Calculator A in section   1064 and the amount worked out for the person using the table in subsection   93H(4).

  (6)   For the purposes of this section:

  (a)   the number of single years during the overall qualifying period is the number of years during the overall qualifying period when the person was not a member of a couple; and

  (b)   the number of partnered years during the overall qualifying period is the number of years during the overall qualifying period when the person was a member of a couple.

Rounding up

  (7)   An amount calculated under subsection   (1) or (2) is to be rounded to the nearest 10 cents (with 5 cents being rounded up).

  (8)   A percentage worked out under subsection   (5) is to be calculated to 3 decimal places. However, if a percentage worked out under subsection   (5) would, if it were calculated to 4 decimal places, end in a digit that is greater than 4, the percentage is to be increased by 0.001.


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