Please note that social security programs and payment rates are subject to change over time. The rate for Double Ophan Pension as of June 2023 is ranges from $72.60 to $232.40 per fortnight.
To calculate the annual amount based on a given fortnightly payment of $72.60, you can use this formula:
- Annual amount = Fortnightly amount × Number of fortnights in a year
- Using the approximate value of 26 fortnights in a year:
- Annual amount = $72.60 × 26 = $1,887.60
To calculate the annual amount based on a given fortnightly payment of $232.40, you can use the following formula:
- Annual amount = Fortnightly amount × Number of fortnights in a year
- There are approximately 26 fortnights in a year, as there are 52 weeks in a year, and each week consists of two fortnights.
- Using the formula, we can calculate the annual amount:
- Annual amount = $232.40 × 26 = $6,042.40
Therefore, a fortnightly payment of $72.60 – $232.40 would amount to approximately $1,887.60 – $6,042.40 per year. Please note that this calculation assumes a fixed fortnightly payment throughout the year and does not take into account any potential changes or adjustments in the payment amount.
These rates are subject to income and eligibility tests, and they can be affected by other factors such as the child’s age, any additional income or assets they may have, and the circumstances of their guardians or carers.
For the most accurate and up-to-date information on the current rates of the double orphan pension, I recommend visiting the official website of the Australian Department of Human Services or contacting their helpline.