Social Security (Administration) (Deductible portion section 123XI) Specification 2008 (Cth)

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

Social Security (Administration) Act 1999

I, JENNY MACKLIN, Minister for Families, Housing, Community Services and Indigenous Affairs, acting under paragraph 123XI(3)(b) of the Social Security (Administration) Act 1999 and on behalf of the Minister for Education and the Minister for 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 123XI) 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   Category I welfare payment is defined in section 123TC of the Act and has the same meaning in this Specification as in the Act.

Note 3   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 123XI(3)(b) of the Act, the lower percentage of 70% is specified as the deductible portion of an instalment of a category I welfare payment, other than an instalment of baby bonus under the Family Assistance Act.