Document ID: chunk:federal_register_of_legislation:C2024C00458:section:123zia
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 123ZIA
Character Range: 706711–708051

123ZIA  Balance of income management account falls below value of action taken under Division 6

Scope
 (1) This section applies if:
 (a) the Secretary takes action under Division 6 that requires an amount (the initial amount) to be debited from a person's income management account; and
 (b) at any time between the taking of the action and the recording of the debit as mentioned in subsection 123ZNA(2), the balance of the person's account falls below an amount equal to the initial amount.
Note: The recording of the debiting of the initial amount may leave the person's income management account having a debit balance, but subsections (2) and (3) allow a credit to that account of an amount equal to the initial amount.

Crediting of amounts
 (2) The Secretary may determine, in writing, that the person's income management account is to be credited by an amount equal to the initial amount.
 (3) If the Secretary makes a determination under subsection (2), then an amount equal to the initial amount is:
 (a) credited to the Income Management Record; and
 (b) credited to the person's income management account.

Debt
 (4) If the Secretary makes a determination under subsection (2), then an amount equal to the initial amount is a debt due by the person to the Commonwealth.
Note: For debt recovery, see Chapter 5 of the 1991 Act.