; or ; or ; and the student must have reached the qualifying age for Age Pension. 104.3 Pension Supplement rates 104.3.1 Components of Pension Supplement There are different rates of Pension Supplement depending upon the circumstances. student’s Following are components and terms associated with pension supplement: Combined couple rate of pension supplement - the maximum amount of pension supplement payable to a couple. This amount is used to determine the different rates payable depending on the person's family situation. Combined couple rate of minimum pension supplement - the amount used to determine a person's minimum pension supplement amount. Minimum pension supplement amount - the amount of pension supplement that a person can elect to receive quarterly. This component of the supplement is the last to reduce when the income test is applied. It is also the amount which remains payable if any pension supplement is payable after the application of the income test. Pension supplement basic amount - equivalent to the former pension supplement, also known as the GST supplement. Tax exempt pension supplement - the individual's rate of pension supplement less the pension supplement basic amount. 104.3.2 Rates of Pension Supplement The annual rate of pension supplement, minimum pension supplement amount and pension supplement basic amount is set out in The daily rate of pension supplement is calculated by dividing the annual rate by 364. 104.3.2.1 Effect of income and assets tests on the rate of Pension Supplement Pension supplement is added to a person's maximum basic rate of ABSTUDY before the income test is applied. The minimum pension supplement amount is the last to reduce when the income test is applied to a income support payments. It is also the amount which remains payable if any pension person’s supplement is payable after the application of the income and assets tests. 104.4 Payment of Pension Supplement 104.4.1 Payment frequency Pension supplement is paid fortnightly in arrears with the ABSTUDY payment. It accrues, person’s and is payable for, each day that a person qualifies for pension supplement.
; or ; or ; and the student must have reached the qualifying age for Age Pension. 104.3 Pension Supplement rates 104.3.1 Components of Pension Supplement There are different rates of Pension Supplement depending upon the student’s circumstances. Following are components and terms associated with pension supplement: Combined couple rate of pension supplement - the maximum amount of pension supplement payable to a couple. This amount is used to determine the different rates payable depending on the person's family situation. Combined couple rate of minimum pension supplement - the amount used to determine a person's minimum pension supplement amount. Minimum pension supplement amount - the amount of pension supplement that a person can elect to receive quarterly. This component of the supplement is the last to reduce when the income test is applied. It is also the amount which remains payable if any pension supplement is payable after the application of the income test. Pension supplement basic amount - equivalent to the former pension supplement, also known as the GST supplement. Tax exempt pension supplement - the individual's rate of pension supplement less the pension supplement basic amount. 104.3.2 Rates of Pension Supplement The annual rate of pension supplement, minimum pension supplement amount and pension supplement basic amount is set out in The daily rate of pension supplement is calculated by dividing the annual rate by 364. 104.3.2.1 Effect of income and assets tests on the rate of Pension Supplement Pension supplement is added to a person's maximum basic rate of ABSTUDY before the income test is applied. The minimum pension supplement amount is the last to reduce when the income test is applied to a person’s income support payments. It is also the amount which remains payable if any pension supplement is payable after the application of the income and assets tests. 104.4 Payment of Pension Supplement 104.4.1 Payment frequency Pension supplement is paid fortnightly in arrears with the person’s ABSTUDY payment. It accrues, and is payable for, each day that a person qualifies for pension supplement.
ABSTUDY%20Policy%20Manual%201%20July%202016.docx