Military Rehabilitation and Compensation Act Education and Training Scheme 2004 (2 July 2015)
Clean energy advance daily rateClean energy advance daily rate
Start here
Get a plain-English read of Clean energy advance daily rate
Turn the raw legal text into a practical explanation grounded in Military Rehabilitation and Compensation Act Education and Training Scheme 2004 (2 July 2015).
Clean energy advance daily rate
3A.3.1 The clean energy advance daily rate for a person’s clean energy underlying payment is worked out by: (a) working out 1.7% of the rate for the clean energy underlying payment, worked out: (i) for the first day of the person’s clean energy advance period; and (ii) for someone in circumstances the same as the person’s on the clean energy advance eligibility day; and (b) rounding the result of paragraph (a) up or down to the nearest multiple of 10 cents (rounding up if that result is not a multiple of 10 cents but is a multiple of 5 cents); and (c) adding 20 cents to the result of paragraph (b); and (d) dividing the result of paragraph (c) by 14.