Document ID: chunk:federal_register_of_legislation:C2022A00014:clause:8_123xpe
Version: federal_register_of_legislation:C2022A00014
Segment Type: clause
Provision Reference: sch 8 cl 123XPE
Character Range: 102563–103330

123XPE  Deductions from 2022 cost of living payment

Scope
 (1) This section applies if:
 (a) a person is subject to the income management regime; and
 (b) a 2022 cost of living payment is payable to the person.

Deductions from 2022 cost of living payment
 (2) The following provisions have effect:
 (a) the Secretary must deduct from the 2022 cost of living payment the deductible portion of the payment;
 (b) an amount equal to the deductible portion of the payment is credited to the Income Management Record;
 (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 2022 cost of living payment is 100% of the amount of the payment.