12IRate of deductions

#### 12I Rate of deductions (1) For paragraph 12E (3) (a), the rate at which a deduction is to be made from the debtor’s net salary on a pay day for the debtor is 20%, unless subregulation (2), (3) or (4) applies. (2) The paying officer may reduce the rate at which deductions are to be made if the paying officer is satisfied, on reasonable grounds, that the debtor: (a) is suffering serious financial hardship; or (b) would suffer serious financial hardship if the rate of deduction were not reduced. (3) If the debtor asks the paying officer, in writing, to make deductions at a rate greater than 20% of the debtor’s net salary, the paying officer must comply with the request as soon as practicable. (4) The paying officer must reduce the rate as soon as practicable, but is not required to reduce the rate to less than 20%, if: (a) deductions are being made at a rate greater than 20% of the debtor’s net salary; and (b) the debtor asks a paying officer, in writing, to reduce the rate of the deductions.