Social Security (Administration) (Income Management – Crediting of Accounts) Rules 2015 (Cth)

Social Security (Administration) (Income Management — Crediting of Accounts) Rules 20151 Social Security (Administration) Act 1999

I, SCOTT MORRISON, Minister for Social Services, make these Rules under section 123WN of the Social Security (Administration) Act 1999.

Dated: 26 May 2015

SCOTT MORRISON Minister for Social Services

1 Name of Rules

These Rules are the Social Security (Administration) (Income Management – Crediting of Accounts) Rules 2015.

2 Commencement

These Rules commence on the day after they are registered.

3 Definition

In these Rules: Act means the Social Security (Administration) Act 1999.

Note 1 The following expressions used in these Rules are defined in section 123TC of the Act and have the same meanings in these Rules as in the Act: * Part 3B payment nominee * Income Management Account * Income Management Record * stored value card * subject to the income management scheme.

Note 2 Secretary is defined in the Social Security Act 1991 and has the same meaning in these Rules as in that Act.

4 Rules

(1) For section 123WN of the Act, these Rules specify circumstances in which certain amounts are to be credited to the Income Management Record and a person's (the affected person's) income management account.

(2) The circumstances are: (a) the threshold circumstance mentioned in subsection (3); together with (b) any of the particular circumstances mentioned in an item of the table in subsection (6).

(3) The threshold circumstance is that the Income Management Record and the affected person's Income Management Account is debited by an amount (the debited amount) for any of the following purposes: (a) if the person does not have a Part 3B payment nominee: (i) giving a stored value card to the person; or (ii) increasing the monetary value stored on a stored value card held by the person; (b) if the person has a Part 3B payment nominee: (i) giving a stored value card to the Part 3B payment nominee; or (ii) increasing the monetary value stored on a stored value card held by the Part 3B payment nominee.