PART 6Assessment of household income and capital

CHAPTER 2Calculation of weekly income

Calculation of average weekly income43.

(1)

For the purpose of regulation 42(2)(a) an applicant’s average weekly earned income is calculated by—

(a)

multiplying the applicant’s earned income for an assessment period by 12, and

(b)

dividing the product by 52.

(2)

For the purpose of regulation 42(2)(b) an applicant’s average weekly unearned income is calculated by—

(a)

multiplying the applicant’s unearned income for an assessment period by 12, and

(b)

dividing the product by 52.