Schedule 1, Part 1
Assessment of means of a person who is not a member of a couple where the application for State support is made prior to the relevant day
(a) The means of a person who is not a member of a couple shall, subject to Part 3, be assessed on the basis of the rules in this Part.
(b) This Part applies to applications for State support made prior to the relevant day.
Assessment of income
2. Assess the weekly income following the directions at steps A to E:
A. Establish the annual income of the person using the definition of "income".
B. Deduct allowable deductions.
C. Divide amount produced by step B by 52 to establish net weekly income.
D. Take 80 per cent of amount produced by step C (net weekly income) which amount, unless step E applies, is the weekly assessed income.