22.214.171.124 Amount of PPL funding amount
Minimum PPL funding amount
A PPL funding amount (1.1.P.180) for a person must not be less than the sum of the amounts of instalments (1.1.I.80) that will have become payable to the person on the next payday after the PPL funding amount is paid that do not relate to days in the person's PPL period (1.1.P.200) for which the employer (1.1.E.50) has already been paid a PPL funding amount. This is the minimum amount for a PPL funding amount.
Maximum PPL funding amount
A PPL funding amount for a person cannot exceed the sum of the minimum amount (the amount payable to the person on the next pay day after the PPL funding amount is paid) and the equivalent of 6 weeks (30 days) advance of the person's instalments.
This rule enables an employer to be paid 3 PPL funding amounts to cover the maximum 18-week PPL period, rather than being paid PPL funding amounts on a fortnightly cycle. Six-weekly funding amounts may be chosen by employers if that would be simpler for them administratively.
The sum of PPL funding amounts paid to the employer must not be more than the total amounts of instalments that would be payable to the person for the person's PPL period.
Act reference: PPLAct section 76 Rules affecting the amount of a PPL funding amount