Commonwealth Consolidated Acts

SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 123XPB

Scope

  (1)   This section applies if:

  (a)   a person is subject to the income management regime under section   123UFA; and

  (b)   a category I welfare payment is payable to the person otherwise than by instalments.

Deductions from category I welfare payments--lump sums

  (2)   The following provisions have effect:

  (a)   the Secretary must deduct from the category I welfare payment the deductible portion of the payment;

  (b)   an amount equal to the deductible portion of the payment is credited to the Income Management Record;

  (c)   an amount equal to the deductible portion of the payment is credited to the person's income management account.

Deductible portion

  (3)   For the purposes of subsection   (2), the deductible portion of a category I welfare payment is:

  (a)   100%; or

  (b)   if a lower percentage is specified in a legislative instrument made by the Minister for the purposes of this paragraph--the lower percentage;

of the net amount of the payment (rounded down to the nearest cent).

  (4)   An instrument under paragraph   (3)(b) may specify different percentages in relation to different category I welfare payments.