Commonwealth legislation

Social Security (Administration) (Deductible portion - section 123XPA) Specification 2008

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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What this does: This law sets the amount of your Baby Bonus payment that the government can take to pay off your tax debts.

The bottom line: If you receive a Baby Bonus payment but owe money to the Australian Taxation Office, the government can deduct the entire payment (100%) to cover your tax debt.

Why this matters: Normally, when the government deducts money from social security payments to pay tax debts, there's a limit on how much they can take (to ensure you still have money left for living expenses). However, this law creates a special rule for Baby Bonus payments, allowing the full amount to be deducted if you have a tax debt.

Who it affects: Families receiving the Baby Bonus who owe money to the ATO. (Note: The Baby Bonus was a payment for new parents that operated from 2004 to 2014.)

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Current sections

Direct links to the current provisions in Social Security (Administration) (Deductible portion - section 123XPA) Specification 2008.

Social Security (Administration) (Deductible portion - section 123XPA) Specification 2008

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Social Security (Administration) (Deductible portion — section 123XPA) Specification 2008

Social Security (Administration) Act 1999

I, JENNY MACKLIN, Minister for Families, Housing, Community Services and Indigenous Affairs, acting under paragraph 123XPA(3)(b) of the Social Security (Administration) Act 1999 and on behalf of the Minister for Education and the Minister Employment and Workplace Relations, make this Specification.

Dated 18 November 2008

J Macklin

Minister for Families, Housing, Community Services and Indigenous Affairs

1 Name of Specification

This Specification is the Social Security (Administration) (Deductible portion — section 123XPA) Specification 2008.

2 Commencement

This Specification commences on the day after it is registered.

3 Definitions

In this Specification:

Act means the Social Security (Administration) Act 1999.

Note 1 Baby bonus is defined in subsection 3(1) of the Family Assistance Act and has the same meaning in this Specification as in that Act.

Note 2 Family Assistance Act is defined in subsection 23(1) of the Social Security Act 1991 and has the same meaning in this Specification as in that Act.

4 Deductible portion

For paragraph 123XPA(3)(b) of the Act, the higher percentage of 100% is specified as the deductible portion of an instalment of baby bonus under the Family Assistance Act.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Social Security (Administration) (Deductible portion - section 123XPA) Specification 2008