Document ID: chunk:federal_register_of_legislation:F2015L00781:body:0:p2
Version: federal_register_of_legislation:F2015L00781
Segment Type: other
Provision Reference: 
Character Range: 2594–6990

amount) in any of the particular circumstances mentioned in an item of the table in subsection (6) is:
 (a) the amount shown in the item; or
 (b) if the monetary value stored on the stored value card is a lesser amount — the lesser amount; or
 (c) if no monetary value is stored on the stored value card — nil.

Note   Both the Income Management Record and the account are to be credited by the crediting amount.

 (6) This is the table mentioned in subsections (2) and (5).
Item  Particular circumstances                                                                                                                                                                                                                                   Crediting amount
 1    The Secretary agrees to a request to reduce the monetary value stored on the stored value card that is made by:                                                                                                                                            The amount of the requested reduction
       (a) the affected person; or
       (b) if the affected person has a Part 3B payment nominee— the affected person or the Part 3B payment nominee                                                                                                                                              Note   The monetary value stored on the card could, in some circumstances, be less than the amount of the requested reduction. In that case, the reduction is limited to the stored amount: see paragraph 4(5)(b)
 2    The Secretary becomes aware that the monetary value stored on the stored value card exceeds $3000                                                                                                                                                          The lesser of:
                                                                                                                                                                                                                                                                  (a) the amount by which the monetary value stored on the card exceeds $3000; or
                                                                                                                                                                                                                                                                  (b) another amount determined in the particular case by the Secretary
 3    The Secretary forms the view that the affected person is unable, or is likely to be unable, to use the stored value card to acquire goods or services                                                                                                      The monetary value stored on the card
 4    The debited amount was debited in error                                                                                                                                                                                                                    An amount equal to the debited amount

                                                                                                                                                                                                                                                                 Note   The monetary value stored on the card could, in some circumstances, be less than the debited amount. In that case, the crediting amount is limited to the stored amount: see paragraph 4 (5) (b)
 5    The affected person dies and, at the time of death, an amount was stored on a stored value card issued to the person or the person's Part 3B payment nominee (whether or not the person was subject to the income management scheme at the time of death)  The monetary value stored on the card
 6    The affected person ceases to be subject to the income management scheme otherwise than because of death and a request is made to the Secretary to cancel the stored value card by:                                                                        The monetary value stored on the card
       (a) the affected person; or
       (b) if the affected person has a Part 3B payment nominee — the affected person or the Part 3B payment nominee

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments