Document ID: chunk:federal_register_of_legislation:C2011A00010:clause:1_7
Version: federal_register_of_legislation:C2011A00010
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 20122–20654

7  Subsection 129AC(4)
Repeal the subsection, substitute:

Set‑off
 (4) Despite any other provision of this Act, if:
 (a) an amount (the recoverable amount) is recoverable from a person under subsection (1), (1A), (1C), (1E) or (1G); and
 (b) an amount (the later amount) of benefit or payment later becomes payable to the person under this Act; and
 (c) the person so agrees;
the Medicare Australia CEO may, on behalf of the Commonwealth, set off all or a part of the recoverable amount against all or a part of the later amount.