123WB
In forceOpening of income management accounts
Volume 1s 1-123ZO
Part 3BIncome management regime
Division 4Income management accounts
Subdivision AIncome management accounts
123WB Opening of income management accounts
Power
(1)
The Secretary may open an income management account in the name of a particular person.
(2)
The Secretary may open the income management account even if the person is not subject to the income management regime.
Duty
(3)
The Secretary must open an income management account in the name of a particular person if:
(a)
the person does not already have an income management account; and
(b)
the person is subject to the income management regime.
This Act’s bill:Explanatory memorandumSecond reading speech
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