Document ID: chunk:federal_register_of_legislation:C2024C00458:section:123uf:p2
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 123UF (pt 2/2)
Character Range: 583865–585036

at the test time, the person has a Part 3B payment nominee; and
 (c) at the test time, the Part 3B payment nominee is subject to the income management regime under subsection (1) or (2).

Relationship with Part 3D
 (4) If a person becomes a program participant under section 124PGD on a day (the trigger day), the following apply:
 (a) despite any other provision of this Part, the Secretary may, on a day (the transfer day) before the end of 60 days beginning on the trigger day, pay, to the credit of a welfare restricted bank account (within the meaning of Part 3D) maintained by the person, an amount equal to the credit balance (if any) of the person's income management account as at the end of the day before the transfer day;
 (b) immediately after any such payment:
 (i) the Income Management Record is debited by an amount equal to the payment; and
 (ii) the person's income management account is debited by an amount equal to the payment;
 (c) if the person is subject to the income management regime under subsection (1) on the day before the trigger day—the person ceases to be subject to the income management regime under subsection (1) on the trigger day.