Document ID: chunk:federal_register_of_legislation:C2024C00458:section:123um
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 123UM
Character Range: 600211–601880

123UM  Voluntary income management agreement
 (1) A person may enter into a written agreement with the Secretary under which the person agrees voluntarily to be subject to the income management regime throughout the period when the agreement is in force.
 (2) An agreement under subsection (1) is to be known as a voluntary income management agreement.
 (3) The Secretary must not enter into a voluntary income management agreement with a person (the first person) unless:
 (a) the first person is an eligible recipient of a category H welfare payment; and
 (b) the first person's usual place of residence is within a declared voluntary income management area; and
 (c) if the first person has a Part 3B payment nominee—the Part 3B payment nominee is not an excluded Part 3B payment nominee.
 (4) In deciding whether to enter into a voluntary income management agreement with a person, the Secretary must have regard to:
 (a) the extent to which it would be feasible for the Secretary to take action under Division 6 in relation to the person if the person were subject to the income management regime; and
 (b) such other matters (if any) as the Secretary considers relevant.
 (5) The Secretary must not enter into a voluntary income management agreement with a person if:
 (a) the person is subject to the income management regime under section 123UC, 123UCA, 123UCB, 123UCC, 123UD, 123UE, 123UF or 123UFAA; or
 (b) during the 12‑month period ending when the voluntary income management agreement is to come into force, there were 4 occasions on which previous voluntary income management agreements relating to the person were terminated under subsection 123UO(2).