123XK

Deductions from category I welfare payments—instalments

In force

Scope

(1)

This section applies if:

(a)

a person is subject to the income management regime under section 123UD or 123UE; and

(b)

an instalment of a category I welfare payment is payable to the person.

Deductions from category I welfare payments—instalments

(2)

The following provisions have effect:

(a)

the Secretary must deduct from the instalment of the category I welfare payment the deductible portion of the instalment;

(b)

an amount equal to the deductible portion of the instalment is credited to the Income Management Record;

(c)

an amount equal to the deductible portion of the instalment is credited to the person’s income management account.

Deductible portion

(3)

For the purposes of subsection (2), the deductible portion of an instalment of a category I welfare payment is:

(a)

100%; or

(b)

if a lower percentage is specified in a legislative instrument made by the Minister for the purposes of this paragraph—the lower percentage;

of the net amount of the instalment (rounded down to the nearest cent).

(4)

An instrument under paragraph (3)(b) may specify different percentages in relation to different category I welfare payments.

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