sch.55-sec.5Nature and amount of assistance

### sch.55-sec.5 Nature and amount of assistance The nature of the assistance available under the scheme is a rebate to offset the cost of having an approved battery system suitably installed at residential premises owned by the applicant. The amount of the assistance is the total of— the lesser of the following amounts— the amount mentioned in subsection (3) ; the cost incurred by the applicant for having the approved battery system suitably installed at the residential premises; and the amount of any GST payable by the authority in relation to the assistance mentioned in paragraph (a) . For subsection (2) (a) (i) , the amount is— if the taxable income of the income earner for the application, for the most recently ended financial year, is $66,667 or less—$4,000; or otherwise—$3,000. sch 55 s 5 ins 2023 SL No. 182 s 3 (sch.55-sec.5-ssec.1) The nature of the assistance available under the scheme is a rebate to offset the cost of having an approved battery system suitably installed at residential premises owned by the applicant. (sch.55-sec.5-ssec.2) The amount of the assistance is the total of— the lesser of the following amounts— the amount mentioned in subsection (3) ; the cost incurred by the applicant for having the approved battery system suitably installed at the residential premises; and the amount of any GST payable by the authority in relation to the assistance mentioned in paragraph (a) . (sch.55-sec.5-ssec.3) For subsection (2) (a) (i) , the amount is— if the taxable income of the income earner for the application, for the most recently ended financial year, is $66,667 or less—$4,000; or otherwise—$3,000. - (a) the lesser of the following amounts— (i) the amount mentioned in subsection (3) ; (ii) the cost incurred by the applicant for having the approved battery system suitably installed at the residential premises; and - (i) the amount mentioned in subsection (3) ; - (ii) the cost incurred by the applicant for having the approved battery system suitably installed at the residential premises; and - (b) the amount of any GST payable by the authority in relation to the assistance mentioned in paragraph (a) . - (i) the amount mentioned in subsection (3) ; - (ii) the cost incurred by the applicant for having the approved battery system suitably installed at the residential premises; and - (a) if the taxable income of the income earner for the application, for the most recently ended financial year, is $66,667 or less—$4,000; or - (b) otherwise—$3,000.