Section 123XPB — Social Security (Administration) Act 1999: Deductions from category I welfare payments—lump sums

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.