Document ID: chunk:federal_register_of_legislation:C2024C00458:section:123xpd
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 123XPD
Character Range: 644489–645253

123XPD  Deductions from household stimulus payments

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

Deductions from household stimulus payments
 (2) The following provisions have effect:
 (a) the Secretary must deduct from the household stimulus 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 household stimulus payment is 100% of the amount of the payment.