AGED CARE (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 44.26 The care recipient's total assessable income free area

AGED CARE (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 44.26

General rule

  (1)   The total assessable income free area for a care recipient (other than a * protected resident) is the sum of:

  (a)   the amount worked out by applying point 1064 - B1 of Pension Rate Calculator A at the end of section   1064 of the Social Security Act 1991 ; and

  (b)   the amount worked out under point 1064 - BA4 of Pension Rate Calculator A at the end of section   1064 of the Social Security Act 1991 ; and

  (c)   the amount worked out by applying point 1064 - E4 of Pension Rate Calculator A at the end of section   1064 of the Social Security Act 1991 .

Protected residents

  (2)   The total assessable income free area for a care recipient who is a * protected resident is the sum of:

  (a)   the amount worked out by applying old point 1064 - B1; and

  (b)   the amounts referred to in paragraphs   (1)(b) and (c).

Note:   Old point 1064 - B1 is defined in subsection   (6).

Definition

  (6)   In this section:

"old point 1064-B1" means point 1064 - B1 of Pension Rate Calculator A at the end of section   1064 of the Social Security Act 1991 , as that point has effect on 19   September 2009.