Document ID: chunk:federal_register_of_legislation:F2024C01169:reg:20
Version: federal_register_of_legislation:F2024C01169
Segment Type: reg
Provision Reference: reg 20
Character Range: 14835–16692

20  Prescribed periodic deduction
 (1) If a person:
 (a) is a payer of an enforceable maintenance liability covered by subsection 17(2) of the Act; and
 (b) is in receipt of a social security pension or social security benefit;
then, for the purposes of paragraph 72AA(1)(b) of the Act, the prescribed periodic deduction from the person's pension or benefit is the lesser of:
 (c) 3 times the minimum social security rate for the instalment period for the pension or benefit; and
 (d) the amount of the enforceable maintenance liability payable for the instalment period.
 (2) If a person:
 (a) has an unpaid child support debt; and
 (b) is in receipt of a social security pension or social security benefit;
then, for the purposes of subparagraph 72AA(2)(d)(i) of the Act, the prescribed periodic deduction from the person's pension or benefit is the lesser of:
 (c) 3 times the minimum social security rate for the instalment period, less any amount to be deducted from the person's pension or benefit under paragraph 72AA(1)(b) of the Act; and
 (d) the amount of the unpaid child support debt.
 (3) The minimum social security rate, for an instalment period in a calendar year for a person's social security pension or social security benefit, is worked out as follows:

      Method statement
           Step 1. Divide the minimum annual rate of child support by 365.25.
           Step 2. The amount worked out in step 1 must be rounded to 5 decimal places (rounding up if the sixth decimal place is 5 or more).
           Step 3. Multiply the amount worked out in step 2 by the number of days in the instalment period for the person's social security pension or social security benefit.
           Step 4. Round the amount worked out in step 3 to the nearest cent by increasing the second decimal place by 1 if the third decimal place is 5 or more.