Document ID: chunk:federal_register_of_legislation:C2024C00458:section:123xpg
Version: federal_register_of_legislation:C2024C00458
Segment Type: section
Provision Reference: s 123XPG
Character Range: 646068–647065

123XPG  Deductions from relocation scholarship payments

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

Deductions from payment
 (2) The following provisions have effect:
 (a) the Secretary must deduct from the relocation scholarship 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 relocation scholarship payment is:
 (a) 100% of the amount of the payment; or
 (b) if a lower percentage is specified in a legislative instrument made by the Minister for the purposes of this paragraph—the lower percentage of the amount of the payment.

Subdivision DE—Clean energy income‑managed payments