A person whose rate is calculated under Pension Rate Calculator A and who has reached pension age has the first amount of employment income (and eligible self-employment income) per fortnight disregarded under the work bonus, with unused amounts accumulating in a work bonus income bank up to the maximum balance the section provides and the bank drawn down against later employment income; the income concession applies before the ordinary income test. The section fixes the fortnightly amount, the maximum bank balance and the starting balance for new pensioners.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.