Clean energy advance daily rateClean energy advance daily rate

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.