Document ID: chunk:federal_register_of_legislation:C2024C00458:section:123yr
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 123YR
Character Range: 693395–694317

123YR  Credit of income management account in error
 (1) If the Secretary is satisfied that an amount (the excess amount) has been credited to a person's income management account in error, the Secretary may determine, in writing, that:
 (a) the person's income management account is to be debited by one or more amounts equal to the excess amount; or
 (b) the person must repay to the Commonwealth, as a debt due to the Commonwealth, an amount equal to the excess amount.
Note: Paragraph (b)—for debt recovery, see Chapter 5 of the 1991 Act.
 (2) If the Secretary makes a determination under paragraph (1)(a):
 (a) the Income Management Record is debited by one or more amounts equal to the excess amount; and
 (b) the person's income management account is debited by one or more amounts equal to the excess amount.
 (3) A determination made under subsection (1) is not a legislative instrument.

Division 7—Information