Document ID: chunk:federal_register_of_legislation:C2010A00093:clause:2_123xph
Version: federal_register_of_legislation:C2010A00093
Segment Type: clause
Provision Reference: sch 2 cl 123XPH
Character Range: 45640–46472

123XPH  Deductions from voluntary income management incentive payments

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

Deductions from payments
 (2) The following provisions have effect:
 (a) the Secretary must deduct from the voluntary income management incentive 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.

Deductible portion
 (3) For the purposes of subsection (2), the deductible portion of a voluntary income management incentive payment is 100% of the amount of the payment.