Section 341 — Social Security Act 2018: Required manner of payment: money management for certain payments to young people

341 Required manner of payment: money management for certain payments to young people (1) Regulations made under section 418(1)(k) for the purposes of this section may prescribe a manner of payment designed to assist certain young people to manage their money effectively (a money management manner of payment ). (2) A money management manner of payment may (but need not) include crediting an amount to a payment card, voucher, or device, that enables a young person to obtain goods or services from a particular supplier and enables the supplier to obtain payment from MSD for the goods or services. (3) The following must be paid in a money management manner of payment: (a) any youth support payment (including the in-hand allowance up to the maximum amount set out in clause 7 in Part 6 of Schedule 4): (b) any WFF tax credit payable to a young person by MSD: (c) the amount of any child disability allowance or disability allowance to which a young person is entitled: (d) any other benefit or payment under this Act to which a young person is entitled specified for the purposes of this paragraph by the regulations made under section 418(1)(k) . (4) Subsection (3)— (a) is subject to the exception set out in section 342 ; and (b) overrides section 80KS of the Tax Administration Act 1994. Compare: 1964 No 136 s 179(4)(a), (5), (6)