Section 123XO — Social Security (Administration) Act 1999: Deductions from category S welfare payments—instalments

Scope (1) This section applies if: (a) a person is subject to the income management regime under subsection 123UF(2); and (b) an instalment of a category S welfare payment is payable to the person. Deductions from category S welfare payments—instalments (2) The following provisions have effect: (a) the Secretary must deduct from the instalment of the category S 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 S welfare payment is the percentage of the net amount of the instalment determined by the Secretary in relation to the instalment (rounded down to the nearest cent). (4) The percentage specified in the determination must not exceed 100%.