Clean Energy (Household Assistance Amendments) Act 2011 (141 of 2011)

Schedule 10   Other amendments

Social Security (Administration) Act 1999

28   After Subdivision DD of Division 5 of Part 3B

Insert:

Subdivision DE - Clean energy income-managed payments

123XPJ Deductions from clean energy income-managed payments

Scope

(1) This section applies if:

(a) a person is subject to the income management regime; and

(b) a clean energy income-managed payment is payable to the person.

Deductions from clean energy income-managed payments

(2) The following provisions have effect:

(a) the Secretary must deduct from the 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 clean energy income-managed payment is 100% of the amount of the payment.