Income Maintenance Period (IMP) 106-05020020
Examples of IMP calculations
Item |
Example |
1 |
Customer has stopped employment Lance stops work and is paid 30 days of unused annual leave for a total amount of $2,100. Lance was also paid Long Service Leave of 150 days and a payment of $15,000. Lance lodges a claim for JobSeeker Payment (JSP). The IMP is calculated as follows:
The total IMP would be 180 days. The first 150 days at $100 per day and the last 30 days at $70 per day. Lance finds work 2 weeks into the IMP. However, Lance only worked for 6 weeks. On leaving this latest employer, Lance is paid 10 days of unused sick leave of $800.
Lance's original IMP remains and Lance must now serve an additional 10 days at the rate of $80 per day. |
2 |
Customer has received a redundancy payment Gina is made redundant from a firm on 22 September and is paid $35,000 in non bona fide redundancy payment. The $35,000 redundancy payment consists of:
Gina's average weekly wage was $1,000. Gina applies for JobSeeker Payment (JSP) on 24 September. The IMP will be calculated as follows:
Gina's IMP will be 34 weeks at $1,000 per week and rounded down to the nearest day. |
3 |
Customer claims hardship See Assessment of hardship for Income Maintenance Period (IMP). |