11.1.6 Criteria That Must Be Satisfied before Funds Can Be Paid from a Person's Income Management Account
Introduction
The delegate must be satisfied that certain specified conditions are met before making a payment from a person's income management account under the SS(Admin)Act Part 3B Division 6.
Income managed funds can only be debited from a person's income management account when:
- the action taken is directed towards meeting the priority needs of the person, the person's partner or the person's dependants, and
- the amount to be debited does not exceed the credit balance of the person's income management account, or
- if the person seeks access to unspent funds for a purpose other than meeting relevant priority needs - current, and reasonably foreseeable, relevant priority needs can still be met if the funds are debited, or
- the person ceases to be subject to income management.
Act reference: SS(Admin)Act Part 3B Division 6 Debits from income management accounts
In this section
This section contains the following topics:
11.1.6.10 Circumstances under Which Income Managed Funds Can Be Paid Out
11.1.6.20 Vouchers, Stored Value Cards & Accounts
11.1.6.30 Expense Payments
11.1.6.40 Action Delegate Can Take to Enable a Third Person to Access a Person's Income Managed Funds
_______________________________________________________
Last reviewed: 2 August 2010
