118NFPayment of DFISA bonus

118NF Payment of DFISA bonus

(1) DFISA bonus is payable to a person if: (a) on a day (the critical day) that is on or after 20 September 2004, adjusted disability pension is payable to the person or the person’s partner; and (b) on the critical day, social security age pension becomes payable to the person; and (c) on or after the critical day, social security pension bonus is granted to the person in relation to that age pension; and (d) the adjusted disability pension reduces (including to nil) the amount of that pension bonus.

Note: For adjusted disability pension, partner, social security age pension and social security pension bonus see section 118NA.

(2) However, DFISA bonus is not payable to the person if, on the critical day, section 1129 of the Social Security Act (financial hardship) applies to the person in relation to that age pension.