1.1.M.30 Minimum amount of PPL funding amount

Definition

A PPL funding amount must not be less than the minimum amount. The minimum amount is the sum of:

  • the amounts of instalments that will have become payable to the person by the person's employer on the next payday after the PPL funding amount is paid to the employer, and
  • that do not relate to days for which the employer has already been paid a PPL funding amount.

Act reference: PPLAct section 6 The Dictionary, section 76 Rules affecting the amount of a PPL funding amount

Policy reference: PPL Guide 4.3.4 PPL funding amounts, 1.1.P.180 PPL funding amount

Last reviewed: 21 September 2020