21Prescribed periodic deduction for veterans

#### 21 Prescribed periodic deduction for veterans (1) If a person: (a) is a payer of an enforceable maintenance liability under section 17 of the Act; and (b) is in receipt of a pension or allowance of a kind mentioned in paragraph 72AC(1)(b) of the Act; then, for the purposes of paragraph 72AC(2)(c) of the Act, the prescribed periodic deduction from the person’s pension or allowance is the lesser of: (c) 3 times the minimum veterans rate for the pension period for the pension or allowance; and (d) the amount of the enforceable maintenance liability payable for the pension period. (2) If a person: (a) has an unpaid child support debt; and (b) is in receipt of a pension or allowance of a kind mentioned in paragraph 72AC(1)(b) of the Act; then, for the purposes of subparagraph 72AC(2)(d)(i) of the Act, the prescribed periodic deduction from the person’s pension or allowance is the lesser of: (c) 3 times the minimum veterans rate for the pension period, less any amount to be deducted from the person’s pension or allowance under paragraph 72AC(2)(c) of the Act; and (d) the amount of the unpaid child support debt. (3) The minimum veterans rate, for a pension period in a calendar year, is worked out as follows: Method statement Step 1. Divide the minimum annual rate of child support by 365.25. Step 2. The amount worked out in step 1 must be rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more). Step 3. Multiply the amount worked out in step 2 by the number of days in the pension period. Step 4. Round the amount worked out in step 3 to the nearest cent by increasing the second decimal place by 1 if the third decimal place is 5 or more.