(ii) the stored value card enables the first person to acquire goods or services;
so long as:
(e) if paragraph (a) applies—the monetary value stored on the card does not exceed the credit balance of the first person’s income management account; or
(f) if paragraph (c) applies—the increase in monetary value does not exceed the credit balance of the first person’s income management account.
(3) A stored value card may be for limited goods or services.
Income Management Record to be debited
(4) If, under subsection (2), the Secretary gives the first person a stored value card, the Income Management Record is debited by an amount equal to the monetary value stored on the card.
(5) If, under subsection (2), the Secretary increases the monetary value stored on a stored value card held by the first person, the Income Management Record is debited by an amount equal to the increase in the monetary value.
First person’s income management account to be debited
(6) If, under subsection (2), the Secretary gives the first person a stored value card, the first person’s income management account is debited by an amount equal to the monetary value stored on the card.
(7) If, under subsection (2), the Secretary increases the monetary value stored on a stored value card held by the first person, the first person’s income management account is debited by an amount equal to the increase in the monetary value.
Criteria
(8) The Secretary must not, under subsection (2):
(a) give the first person a stored value card; or
(b) increase the monetary value stored on a stored value card;
if the Secretary is satisfied that the relevant goods or services are excluded goods or excluded services.
Tax consequences
(9) If, under subsection (2), the Secretary gives the first person a stored value card, the giving of the card does not have consequences under the income tax law for the first person.
(10) If, under subsection (2), the Secretary increases the monetary value stored on a stored value card held by the first person, the increase does not have consequences under the income tax law for the first person.
123YF Stored value cards—Part 3B payment nominee
Scope
(1) This section applies if:
(a) a person (the first person) is subject to the income management regime; and
(b) the first person’s income management account has a credit balance; and
(c) the first person has a Part 3B payment nominee.
Stored value cards
(2) The Secretary may, on behalf of the Commonwealth:
(a) give the Part 3B payment nominee a stored value card that enables the Part 3B payment nominee to acquire goods or services, so long as no part of the monetary value stored on the card may be withdrawn in cash; or
(b) with the consent of the Part 3B payment nominee, give the first person a stored value card that enables the first person to acquire goods or services, so long as no part of the monetary value stored on the card may be withdrawn in cash; or
(c) increase the monetary value stored on a stored value card held by the Part 3B payment nominee, so long as:
(i) no part of the monetary value stored on the card may be withdrawn in cash; and
(ii) the stored value card enables the Part 3B payment nominee to acquire goods or services; or
(d) with the consent of the Part 3B payment nominee, increase the monetary value stored on a stored value card held by the first person, so long as:
(i) no part of the monetary value stored on the card may be withdrawn in cash; and
(ii) the stored value card enables the first person to acquire goods or services;
so long as:
(e) if paragraph (a) or (b) applies—the monetary value stored on the card does not exceed the credit balance of the first person’s income management account; or
(f) if paragraph (c) or (d) applies—the increase in the monetary value does not exceed the credit balance of the first person’s income management account.
(3) A stored value card may be for limited goods or services.
Income Management Record to be debited
(4) If, under subsection (2), the Secretary gives the Part 3B payment nominee or the first person a stored value card, the Income Management Record is debited by an amount equal to the monetary value stored on the card.
(5) If, under subsection (2), the Secretary increases the monetary value stored on a stored value card held by the Part 3B payment nominee or the first person, the Income Management Record is debited by an amount equal to the increase in the monetary value.
First person’s income management account to be debited
(6) If, under subsection (2), the Secretary gives the Part 3B payment nominee or the first person a stored value card, the first person’s income management account is debited by an amount equal to the monetary value stored on the card.
(7) If, under subsection (2), the Secretary increases the monetary value stored on a stored value card held by the Part 3B payment nominee or the first person, the first person’s income management account is debited by an amount equal to the increase in the monetary value.
Criteria
(8) The Secretary must not, under subsection (2):
(a) give the Part 3B payment nominee or the first person a stored value card; or
(b) increase the monetary value stored on a stored value card;
if the Secretary is satisfied that the relevant goods or services are excluded goods or excluded services.
Tax consequences
(9) If, under subsection (2), the Secretary gives the Part 3B payment nominee or the first person a stored value card, the giving of the card does not have consequences under the income tax law for the Part 3B payment nominee or the first person.
(10) If, under subsection (2), the Secretary increases the monetary value stored on a stored value card held by the Part 3B payment nominee or the first person, the increase does not have consequences under the income tax law for the Part 3B payment nominee or the first person.
123YG Expense payment—general
Scope
(1) This section applies if:
(a) a person (the first person) is subject to the income management regime; and
(b) the first person’s income management account has a credit balance; and
(c) the first person does not have a Part 3B payment nominee.
Expense payment
(2) The Secretary may, on behalf of the Commonwealth:
(a) make a payment in discharge, in whole or in part, of an obligation of the first person to pay an amount to a third person in respect of expenditure incurred by the first person in relation to goods or services; or
(b) with the consent of the first person, make a payment in discharge, in whole or in part, of an obligation of a third person to pay an amount to a fourth person in respect of expenditure incurred by the third person in relation to goods or services; or
(c) make a payment in discharge, in whole or in part, of an obligation of the first person to pay an amount by way of rates or land tax; or
(d) with the consent of the first person, make a payment in discharge, in whole or in part, of an obligation of a third person to pay an amount by way of rates or land tax;
so long as the amount paid does not exceed the credit balance of the first person’s income management account.
Income Management Record to be debited
(3) If the Secretary makes a payment under subsection (2), the Income Management Record is debited by an amount equal to the amount paid.
First person’s income management account to be debited
(4) If the Secretary makes a payment under subsection (2), the first person’s income management account is debited by an amount equal to the amount paid.
Criteria
(5) The Secretary must not make a payment under paragraph (2)(a) or (b) if the Secretary is satisfied that the relevant goods or services are excluded goods or excluded services.
Tax consequences
(6) If the Secretary makes a payment under subsection (2), the payment does not have consequences under the income tax law for the first person.
123YH Expense payment—Part 3B payment nominee
Scope
(1) This section applies if:
(a) a person (the first person) is subject to the income management regime; and
(b) the first person’s income management account has a credit balance; and
(c) the first person has a Part 3B payment nominee.
Expense payment
(2) The Secretary may, on behalf of the Commonwealth:
(a) make a payment in discharge, in whole or in part, of an obligation of the Part 3B payment nominee to pay an amount to a third person in respect of expenditure incurred by the Part 3B payment nominee in relation to goods or services; or
(b) with the consent of the Part 3B payment nominee, make a payment in discharge, in whole or in part, of an obligation of a third person to pay an amount to a fourth person in respect of expenditure incurred by the third person in relation to goods or services; or
(c) make a payment in discharge, in whole or in part, of an obligation of the first person to pay an amount to a third person in respect of expenditure incurred by the first person in relation to goods or services;
so long as the amount paid does not exceed the credit balance of the first person’s income management account.
Income Management Record to be debited
(3) If the Secretary makes a payment under subsection (2), the Income Management Record is debited by an amount equal to the amount paid.
First person’s income management account to be debited
(4) If the Secretary makes a payment under subsection (2), the first person’s income management account is debited by an amount equal to the amount paid.
Criteria
(5) The Secretary must not make a payment under subsection (2) if the Secretary is satisfied that the relevant goods or services are excluded goods or excluded services.
Tax consequences
(6) If the Secretary makes a payment under subsection (2), the payment does not have consequences under the income tax law for the Part 3B payment nominee or the first person.
123YI Crediting of account—general
Scope
(1) This section applies if:
(a) a person (the first person) is subject to the income management regime; and
(b) the first person’s income management account has a credit balance; and
(c) the first person does not have a Part 3B payment nominee.
Crediting of accounts
(2) The Secretary may, on behalf of the Commonwealth:
(a) pay an amount to a third person on condition that the third person will:
(i) credit the amount to an account held by the first person with the third person; and
(ii) not allow the first person to debit the account except for the purposes of acquiring goods or services; and
(iii) if required to do so under section 123ZH, repay to the Commonwealth so much of the amount paid by the Secretary as has not been applied by the first person for the purposes of the acquisition of goods or services; or
(b) with the consent of the first person, pay an amount to a third person on condition that the third person will:
(i) credit the amount to an account held by a fourth person with the third person; and
(ii) not allow the fourth person to debit the account except for the purposes of acquiring goods or services; and
(iii) if required to do so under section 123ZH, repay to the Commonwealth so much of the amount paid by the Secretary as has not been applied by the fourth person for the purposes of the acquisition of goods or services;
so long as the amount paid by the Secretary does not exceed the credit balance of the first person’s income management account.
(3) The goods or services referred to in paragraph (2)(a) or (b) may be limited to such goods or services as are determined by the Secretary.
Income Management Record to be debited
(4) If the Secretary pays an amount to a third person under subsection (2), the Income Management Record is debited by an amount equal to the amount paid.
First person’s income management account to be debited
(5) If the Secretary pays an amount to a third person under subsection (2), the first person’s income management account is debited by an amount equal to the amount paid.
Criteria
(6) The Secretary must not, under subsection (2), pay an amount to a third person if the Secretary is satisfied that any of the relevant goods or services are excluded goods or excluded services.
Tax consequences
(7) If the Secretary pays an amount to a third person under subsection (2), the payment does not have consequences under the income tax law for the first person.
123YJ Crediting of account—Part 3B payment nominee
Scope
(1) This section applies if:
(a) a person (the first person) is subject to the income management regime; and
(b) the first person’s income management account has a credit balance; and
(c) the first person has a Part 3B payment nominee.
Crediting of accounts
(2) The Secretary may, on behalf of the Commonwealth:
(a) pay an amount to a third person on condition that the third person will:
(i) credit the amount to an account held by the Part 3B payment nominee with the third person; and
(ii) not allow the Part 3B payment nominee to debit the account except for the purposes of acquiring goods or services; and
(iii) if required to do so under section 123ZH, repay to the Commonwealth so much of the amount paid by the Secretary as has not been applied by the Part 3B payment nominee for the purposes of the acquisition of goods or services; or
(b) with the consent of the Part 3B payment nominee, pay an amount to a third person on condition that the third person will:
(i) credit the amount to an account held by a fourth person with the third person; and
(ii) not allow the fourth person to debit the account except for the purposes of acquiring goods or services; and
(iii) if required to do so under section 123ZH, repay to the Commonwealth so much of the amount paid by the Secretary as has not been applied by the fourth person for the purposes of the acquisition of goods or services; or
(c) pay an amount to a third person on condition that the third person will:
(i) credit the amount to an account held by the first person with the third person; and
(ii) not allow the first person to debit the account except for the purposes of acquiring goods or services; and
(iii) if required to do so under section 123ZH, repay to the Commonwealth so much of the amount paid by the Secretary as has not been applied by the first person for the purposes of the acquisition of goods or services;
so long as the amount paid by the Secretary does not exceed the credit balance of the first person’s income management account.
(3) The goods or services referred to in paragraph (2)(a), (b) or (c) may be limited to such goods or services as are determined by the Secretary.
Income Management Record to be debited
(4) If the Secretary pays an amount to a third person under subsection (2), the Income Management Record is debited by an amount equal to the amount paid.
First person’s income management account to be debited
(5) If the Secretary pays an amount to a third person under subsection (2), the first person’s income management account is debited by an amount equal to the amount paid.
Criteria
(6) The Secretary must not, under subsection (2), pay an amount to a third person if the Secretary is satisfied that any of the relevant goods or services are excluded goods or excluded services.
Tax consequences
(7) If the Secretary pays an amount to a third person under subsection (2), the payment does not have consequences under the income tax law for the Part 3B payment nominee or the first person.
123YK Transfers to accounts—general
Scope
(1) This section applies if:
(a) a person (the first person) is subject to the income management regime; and
(b) the first person’s income management account has a credit balance; and
(c) the first person does not have a Part 3B payment nominee.
Transfers
(2) The Secretary may, on behalf of the Commonwealth:
(a) pay an amount to the credit of an account held by the first person with:
(i) a bank; or
(ii) a person specified in a legislative instrument made by the Secretary for the purposes of this subparagraph;
so long as money standing to the credit of the account cannot be debited except for the purposes of:
(iii) acquiring goods or services; or
(iv) paying account‑related fees or charges; or
(b) with the consent of the first person, pay an amount to the credit of an account held by a third person with:
(i) a bank; or
(ii) a person specified in a legislative instrument made by the Secretary for the purposes of this subparagraph;
so long as money standing to the credit of the account cannot be debited except for the purposes of:
(iii) acquiring goods or services; or
(iv) paying account‑related fees or charges;
so long as the amount paid by the Secretary does not exceed the credit balance of the first person’s income management account.
(3) The goods or services referred to in paragraph (2)(a) or (b) may be limited to such goods or services as are determined by the Secretary.
Income Management Record to be debited
(4) If, under subsection (2), the Secretary pays an amount to the credit of an account, the Income Management Record is debited by an amount equal to the amount paid.
First person’s income management account to be debited
(5) If, under subsection (2), the Secretary pays an amount to the credit of an account, the first person’s income management account is debited by an amount equal to the amount paid.
Criteria
(6) The Secretary must not, under subsection (2), pay an amount to the credit of an account if the Secretary is satisfied that any of relevant goods or services are excluded goods or excluded services.
Tax consequences
(7) If, under subsection (2), the Secretary pays an amount to the credit of an account, the payment does not have any consequences under the income tax law for the first person.
123YL Transfers to accounts—Part 3B payment nominee
Scope
(1) This section applies if:
(a) a person (the first person) is subject to the income management regime; and