Senate debates
Thursday, 16 August 2007
Social Security and Other Legislation Amendment (Welfare Payment Reform) Bill 2007; Northern Territory National Emergency Response Bill 2007; Families, Community Services and Indigenous Affairs and Other Legislation Amendment (Northern Territory National Emergency Response and Other Measures) Bill 2007; Appropriation (Northern Territory National Emergency Response) Bill (No. 1) 2007-2008; Appropriation (Northern Territory National Emergency Response) Bill (No. 2) 2007-2008
In Committee
11:32 pm
Ursula Stephens (NSW, Australian Labor Party, Shadow Parliamentary Secretary to the Leader of the Opposition (Social and Community Affairs)) Share this | Hansard source
I will provide a scenario. A parent who has been subject to the income management regime has received the baby bonus and now has a significant credit balance in their income management account. Section 123WJ(7) relates to the repayment of the residual amount in the income credit to account. If a person moves out of the income management regime and is eligible for reimbursement, the secretary may determine that the ‘whole or a part of the residual amount is to be paid to the first person as a single lump sum’. But then in (9) it says:
The Secretary must not make a determination under subsection (7) unless:
(a) the lump sum is $200 or less.
Someone, having moved out of the regime, may have had their 100 per cent of the baby bonus quarantined, and may decide to save the baby bonus so that there is a substantial amount. Am I correct in reading that the lump sum must be $200 or less and that the rest will be paid in some kind of instalments?
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