Document ID: chunk:federal_register_of_legislation:C2024C00458:section:123wj:p3
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 123WJ (pt 3/3)
Character Range: 616562–617215

amount equal to the amount set off; and
 (c) the Secretary is taken to have paid the first person so much of the residual amount as equals the amount set off.
 (16A) Subsection (14) is not limited by Chapter 5 of the 1991 Act also applying in relation to the debt amount.

Tax consequences
 (17) If a payment is made under subsection (4), (7) or (11), the payment does not have consequences under the income tax law for the first person.
 (18) If the Secretary sets off an amount under subsection (14), the set‑off does not have consequences under the income tax law for the first person.

Interpretation
 (19) This section is subject to section 123WJA.