Deductions from 2020 economic support payments
123XPBA Deductions from 2020 economic support payments
Scope
This section applies if:
a person is subject to the income management regime; and
a 2020 economic support payment is payable to the person.
Deductions from 2020 economic support payments
The following provisions have effect:
the Secretary must deduct from the 2020 economic support payment the deductible portion of the payment;
an amount equal to the deductible portion of the payment is credited to the Income Management Record;
an amount equal to the deductible portion of the payment is credited to the person’s income management account.
For the purposes of subsection (2), the deductible portion of a 2020 economic support payment is 100% of the amount of the payment.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.