123XPB

Deductions from category I welfare payments—lump sums

In force

Scope

(1)

This section applies if:

(a)

a person is subject to the income management regime under section 123UFA; and

(b)

a category I welfare payment is payable to the person otherwise than by instalments.

Deductions from category I welfare payments—lump sums

(2)

The following provisions have effect:

(a)

the Secretary must deduct from the category I welfare 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.

Deductible portion

(3)

For the purposes of subsection (2), the deductible portion 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 payment (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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