7Formula for calculating entitled amount

7 Formula for calculating entitled amount

Start formula start fraction 52 times Weekly amount times open square bracket open round bracket Specified number plus 1 close round bracket to power of n minus 1 close square bracket over Specified number times open square bracket open round bracket Specified number plus 1 close round bracket to power of n close square brack end fraction end formula Where:

n means the number worked out using the formula:

start formula start fraction Number of days over 365 end fraction end formula

number of days means the total amount of days in the period:

(a) beginning on the day after the day on which the person advised the Commission of his or her choice under paragraph 138(1)(d) of the Act; and

(b) ending on the day before the day the Special Rate Disability Pension is payable to the person.

Note In some cases a person’s Special Rate Disability Pension amount will be nil.

Specified number means the number used as the specified number by the Commission to determine the amount of the person’s lump sum under subsection 138(3) of the Act.

Weekly amount means the amount of compensation payable to the person under section 118 of the Act for the week in which the person advised the Commission of his or her choice under paragraph 138(1)(d) of the Act.

Schedule 1—Repeals

Military Rehabilitation and Compensation Act (Section 204A(2) amount) Instrument 2013

1 The whole of the instrument

Repeal the instrument.