Credit of income management account in error
123YR Credit of income management account in error
If the Secretary is satisfied that an amount (the excess amount) has been credited to a person’s income management account in error, the Secretary may determine, in writing, that:
the person’s income management account is to be debited by one or more amounts equal to the excess amount; or
the person must repay to the Commonwealth, as a debt due to the Commonwealth, an amount equal to the excess amount.
Paragraph (b)—for debt recovery, see Chapter 5 of the 1991 Act.
If the Secretary makes a determination under paragraph (1)(a):
the Income Management Record is debited by one or more amounts equal to the excess amount; and
the person’s income management account is debited by one or more amounts equal to the excess amount.
A determination made under subsection (1) is not a legislative instrument.
This Act’s bill:Explanatory memorandumSecond reading speech
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