Commonwealth Consolidated Acts

VETERANS' ENTITLEMENTS ACT 1986 - SECT 115G

             (1)  The excluded income amount in respect of a veteran for a pension period that occurs within the period (the initial period ) that begins on the day after the veteran first commenced remunerative work as a result of undertaking the vocational rehabilitation program and ends immediately before the first CPI indexation day that is more than 2 years after the beginning of the initial period is half of the earnings of the veteran in each pension period.

             (2)  The excluded income reduction amount in respect of a veteran for each pension period that occurs within each consecutive 6 month period during the 5 years that begins immediately after the initial period is worked out using the following formula:

where:

no. of 6 month periods means the number of consecutive 6 month periods that have begun in the 5 year period.

"earnings" means salary, wages or earnings from remunerative work in each pension period.

             (3)  This section has effect only for the purposes of working out the amount of a veteran's invalidity service pension.

             (4)  If:

                     (a)  an amount (the initial amount ) is worked out under subsection (1) or (2) in respect of a veteran and a pension period; and

                     (b)  an amount is disregarded under subsection 46AA(2) or (3) in relation to that veteran and that period, and that amount is greater than or equal to the initial amount;

then subsection (1) or (2) of this section, as the case may be, does not apply in relation to that veteran and that period.