Document ID: chunk:federal_register_of_legislation:C2009A00004:clause:5_123xpd
Version: federal_register_of_legislation:C2009A00004
Segment Type: clause
Provision Reference: sch 5 cl 123XPD
Character Range: 47877–48671

123XPD  Deductions from household stimulus payments

Scope

 (1) This section applies if:
 (a) a person is subject to the income management regime; and
 (b) a household stimulus payment is payable to the person.

Deductions from household stimulus payments

 (2) The following provisions have effect:
 (a) the Secretary must deduct from the household stimulus payment the deductible portion of the payment;
 (b) an amount equal to the deductible portion of the payment is credited to the Special Account;
 (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 household stimulus payment is 100% of the amount of the payment.

Veterans' Entitlements Act 1986