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Completing the Compensation and damages details via Mod C or verbal lodgement 117-01010040



Policy

Social Security Guide, 1.1.C.240, Compensation

Social Security Guide, 1.1.C.250, Compensation affected payment

For information about the requirement to pursue compensation, reasonable action to obtain compensation, power to obtain information, and the effect of periodic and lump sum compensation payments, see Social Security Guide, 3.1.9, Compensation Provisions.

For information about transferring from a non-compensation affected payment to a compensation affected payment, see Social Security Guide, 4.13.1, Overview of Compensation.

For information about the types of assessable income from compensation, see Social Security Guide, 4.13, Compensation.

For information about recovery of compensation affected payments following a compensation payout to a customer, see Social Security Guide, 6.4, Compensation Recovery.

Legislation

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Social Security Act 1991, section 17(1), Compensation Recovery Definitions

For information about the general effect of compensation, lump sums that are to be treated as periodic payments, and the effect of certain State and Territory laws, see Social Security Act 1991, part 3.14, Compensation recovery.

For information about when a person is required to take action to obtain compensation, see Social Security Act 1991, part 3.14, Compensation recovery.

For information on repayment of compensation affected payments when lump sum or periodic compensation received, and rate reductions due to periodic compensation, see Social Security Act 1991, part 3.14, Compensation recovery

Social Security Act 1991

  • section 1169, Compensation affected payment not payable during lump sum preclusion period
  • section 1172, Lump sum compensation not counted as ordinary income
  • section 1176, Periodic compensation not counted as ordinary income

For information about the notification requirements and obligations in relation to compensation payers, see Social Security Act 1991, part 3.14, Compensation recovery.

For information about the notification requirements and obligations in relation to insurers, see Social Security Act 1991, part 3.14, Compensation recovery.

Social Security (Administration) Act 1999

  • section 63(2), Requirement to attend Department etc.
  • section 192, General power to obtain information