Document ID: chunk:federal_register_of_legislation:C2004A01032:clause:1_123f
Version: federal_register_of_legislation:C2004A01032
Segment Type: clause
Provision Reference: sch 1 cl 123F
Character Range: 8329–9740

123F  Payment of instalments etc. to payment nominee

 (1) If:
 (a) a person has a payment nominee; and
 (b) the whole or a part of a relevant payment is payable to the person, or would, but for subsection 45(1), be so payable; and
 (c) the Secretary has given a direction in relation to the relevant payment under section 123B;
the relevant payment is to be paid in accordance with the direction.

 (2) An amount paid to the payment nominee of a person:
 (a) is paid to the payment nominee on behalf of the person; and
 (b) is taken, for the purposes of the social security law (other than this Part), to have been paid to the person and to have been so paid when it was paid to the nominee.

 (3) An amount that is to be paid to the payment nominee of a person must be paid to the credit of a bank account nominated and maintained by the nominee.

 (4) The Secretary may direct that the whole or a part of an amount that is to be paid to a payment nominee be paid to the payment nominee in a different way from that provided for by subsection (3). If the Secretary gives such a direction, an amount to which the direction relates is to be paid in accordance with the direction.

 (5) Subsections (3) and (4) do not apply in the case of a person who is a payment nominee by virtue of paragraph (b) of the definition of payment nominee in section 123A.

Division 4—Functions and responsibilities of nominees