Commonwealth Consolidated Acts

SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 123XPBA

Scope

  (1)   This section applies if:

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

  (b)   a 2020 economic support payment is payable to the person.

Deductions from 2020 economic support payments

  (2)   The following provisions have effect:

  (a)   the Secretary must deduct from the 2020 economic support 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 2020 economic support payment is 100% of the amount of the payment.