123WE
In forceOne income management account per person
Volume 1s 1-123ZO
Part 3BIncome management regime
Division 4Income management accounts
Subdivision AIncome management accounts
123WE One income management account per person
Only one income management account
(1)
Only one income management account may be kept in respect of a particular person.
(2)
A contravention of subsection (1) does not affect the validity of an income management account.
Amalgamation
(3)
If the Secretary becomes aware that 2 or more income management accounts are being kept in respect of the same person, the Secretary must amalgamate the accounts into a single account.
This Act’s bill:Explanatory memorandumSecond reading speech
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