Section 123XPD — Social Security (Administration) Act 1999: Deductions from household stimulus payments
Text of the provision Official document
Scope (1) This section applies if: (a) a person is subject to the income management regime; and (b) a household stimulus payment is payable to the person. Deductions from household stimulus payments (2) The following provisions have effect: (a) the Secretary must deduct from the household stimulus 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. (3) For the purposes of subsection (2), the deductible portion of a household stimulus payment is 100% of the amount of the payment.
Official source: Federal Register of Legislation
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