Commonwealth Consolidated Acts

SOCIAL SECURITY (ADMINISTRATION) ACT 1999 - SECT 123YD

Scope

  (1)   This section applies if:

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

  (b)   the first person's income management account has a credit balance; and

  (c)   the first person has a Part   3B payment nominee.

Vouchers

  (2)   The Secretary may, on behalf of the Commonwealth:

  (a)   give the Part   3B payment nominee a voucher that:

  (i)   has a face value of a particular amount; and

  (ii)   enables the Part   3B payment nominee to acquire goods or services; or

  (b)   with the consent of the Part   3B payment nominee, give a third person a voucher that:

  (i)   has a face value of a particular amount; and

  (ii)   enables the third person to acquire goods or services;

so long as the face value of the voucher does not exceed the credit balance of the first person's income management account.

  (3)   A voucher may be for limited goods or services.

Income Management Record to be debited

  (4)   If the Part   3B payment nominee or a third person is given a voucher under subsection   (2), the Income Management Record is debited by an amount equal to the face value of the voucher.

First person's income management account to be debited

  (5)   If the Part   3B payment nominee or a third person is given a voucher under subsection   (2), the first person's income management account is debited by an amount equal to the face value of the voucher.

Criteria

  (6)   The Secretary must not give the Part   3B payment nominee or a third person a voucher under subsection   (2) if the Secretary is satisfied that any of the relevant goods or services are excluded goods or excluded services.

Tax consequences

  (7)   If the Part   3B payment nominee or a third person is given a voucher under subsection   (2), the giving of the voucher does not have any consequences under the income tax law for the Part   3B payment nominee, the first person or the third person.