Commonwealth Consolidated Acts

SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 123XPJ

Scope

  (1)   This section applies if:

  (a)   a person is subject to the income management regime; and

  (b)   a clean energy income - managed payment is payable to the person.

Deductions from clean energy income - managed payments

  (2)   The following provisions have effect:

  (a)   the Secretary must deduct from the 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.

  (3)   For the purposes of subsection   (2), the deductible portion of a clean energy income - managed payment is 100% of the amount of the payment.