Document ID: chunk:federal_register_of_legislation:C2011C00056:clause:1_123xb
Version: federal_register_of_legislation:C2011C00056
Segment Type: clause
Provision Reference: sch 1 cl 123XB
Character Range: 64212–65093

123XB  Deductions from category B welfare payments—lump sums

Scope

 (1) This section applies if:
 (a) a person is subject to the income management regime under subsection 123UB(1) or (3); and
 (b) a category B welfare payment is payable to the person otherwise than by instalments.

Deductions from category B welfare payments—lump sums

 (2) The following provisions have effect:
 (a) the Secretary must deduct from the category B welfare 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 category B welfare payment is 50% of the net amount of the payment (rounded down to the nearest cent).