Commonwealth Numbered Acts

SOCIAL SECURITY LEGISLATION AMENDMENT ACT 1993 No. 36, 1993 - SECT 7

7. Section 1223 of the Principal Act is amended:

   (a)  by omitting subsections (2) and (3) and substituting the following
        subsection: Recalculation of amount of family payment

"(3) Subject to subsection (4), if:

   (a)  an amount (the 'received amount') has been paid to a person by way of
        family payment; and

   (b)  the person's rate of family payment is recalculated under:

        (i)    section 884 (amendment of assessable income); or

        (ii)   section 885 (underestimate of taxable income); or

        (iii)  section 886 (failure to notify notifiable event); and

   (c)  the received amount is more than the amount (the correct amount) of
        the family payment payable to the person; the difference between the
        received amount and the correct amount is a debt due to the
        Commonwealth. Note: For the date of effect of a determination made to
        take account of an amendment of assessable income, see section 890.";

   (b)  by omitting subsection (11).