Section 123XPJ — Social Security (Administration) Act 1999: Deductions from clean energy income-managed payments

Scope (1) This section applies if: (a) a person is subject to the income management regime; and (b) a clean energy income-managed payment is payable to the person. Deductions from clean energy income-managed payments (2) The following provisions have effect: (a) the Secretary must deduct from the 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 clean energy income-managed payment is 100% of the amount of the payment.