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Compensation affected component

Under subsection 5NB(1) of the VEA as in force on 9 July 1996, compensation affected component' in relation to an amount of a compensation affected pension that has a dependent child component, means that part of the amount of pension that is not the dependent child component.

 

 

According to subsection 5NB(1) of the VEA a compensation affected pension means:

  •       an invalidity service pension payable to a person who has not reached pension age; or
  •       a partner service pension payable to a person who has not reached pension age; or
  •       an income support supplement payable to a person who has not reached qualifying age.

 

 

'Dependent child component' in relation to an amount of CAP  payable to a person who has a dependent child, means:

  • any additional amount for dependent children or any amount for rent assistance that, in working out the rate of the pension, was added:
  • in the case of a service pension-to the person's maximum basic rate  MBR , or
  • in the case of income support supplement-to the person's provisional rate, or
  • if any amount referred to in paragraph (a) was reduced because an income test or asset test was applied in working out the rate of the pension-that amount as so reduced.

 

 

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