Document ID: chunk:federal_register_of_legislation:C2024C00458:section:55
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 55
Character Range: 236258–238689

55  Payment into bank account etc.
 (1) Subject to Part 3A, an amount (the relevant amount) that is to be paid to a person under section 44, 45, 47, 47DA, 47DB, 48, 48A, 48B, 48C, 48D or 50 is to be paid in the manner set out in this section.
 (2) Subject to subsections (4) and (4A), the relevant amount is to be paid to the credit of a bank account nominated and maintained by the person.
 (3) The account may be an account that is maintained by the person either alone or jointly or in common with another person.
 (4) The Secretary may direct that the whole or a part of the relevant amount be paid to the person in a different way from that provided for by subsection (2). If the Secretary gives a direction, the relevant amount is to be paid in accordance with the direction.
 (4A) Fares allowance is to be paid to a person as follows:
 (a) fares allowance is to be paid to the credit of the bank account to the credit of which payments of youth allowance, austudy payment or pensioner education supplement payable to the person are or were made;
 (b) if, because of a direction under subsection (4), youth allowance, austudy payment or pensioner education supplement is not paid to the credit of a bank account, fares allowance is to be paid in the same way as the youth allowance, austudy payment or pensioner education supplement, as the case may be.
 (5) If, at the end of the period of 28 days starting on the day on which the Secretary requested the person to nominate an account for the purposes of subsection (2) (the 28 day period):
 (a) the person has not nominated an account for the purposes of subsection (2); and
 (b) the Secretary has not given, or has revoked, a direction under subsection (4) in relation to the payment of the relevant amount to the person;
the relevant amount ceases to be payable to the person.
 (6) If the person nominates an account for the purposes of subsection (2) after the end of the 28 day period, the relevant amount again becomes payable to the person and is so payable:
 (a) if the nomination is made within 13 weeks after the end of the 28 day period—on and from the first day after the end of that period; or
 (b) if the nomination is not so made—on and from the day on which the nomination is made.
 (7) Subsection (6) does not apply at a time when, because of the operation of another provision of the social security law, the relevant amount is not payable to the person.