Clause 8. Rate of work bonus payments

8

Rate of work bonus payments

(1)

The amount of a work bonus payment must be calculated in accordance with the following formula:

where:

a

is the amount payable in any week

r

is the rate, immediately before the cancellation date and before any abatement on account of income or other reduction or deduction under the Act,-

(a)

of the specified benefit; or

(b)

in the circumstances referred to in clause 7(2), of the specified benefit that would have been payable if it had not been suspended or was payable

w

is the number of the week the work bonus is payable after its commencement where the first payment is counted as week 1.

(2)

However, no work bonus payment is payable if a is less than $10.

(3)

Despite subclause (1), the amount of any work bonus payment payable to a specified beneficiary to whom clause 7(1)(d) does not apply by virtue of clause 7(2)(c) is one half of the amount of a work bonus payment calculated under subclause (1).