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Determinations/Social Security as made
The purpose of this instrument is to determine the kind of bank account to be maintained by a participant in the trial of cashless welfare arrangements, the terms and conditions relating to that bank account, and the kinds of businesses in relation to which transactions involving money in those bank accounts may be declined by a financial institution.
Administered by: Social Services
Registered 28 Jun 2019
Tabling HistoryDate
Tabled Senate02-Jul-2019
Tabled HR02-Jul-2019
Table of contents.

Commonwealth Coat of Arms of Australia

 

Social Security (Administration) (Trial of Cashless Welfare Arrangements) (Declinable Transactions and Welfare Restricted Bank Account) Determination 2019

 

I, Bruce Taloni, Group Manager, Redress and Reform Group, as delegate of the Secretary of the Department of Social Services, make the following determination.

Dated   26 June 2019

Bruce Taloni

Group Manager

Redress and Reform Group
Department of Social Services

 

 

 

 

 


Contents

Part 1—Preliminary                                                                              1

1  Name........................................................................................................................................ 1

2  Commencement........................................................................................................................ 1

3  Authority.................................................................................................................................. 1

4  Definitions................................................................................................................................ 1

5  Repeal....................................................................................................................................... 1

Part 2—Declinable Transactions                                                         3

Part 3—Welfare Restricted Bank Account                                        4

Schedule 1—Repeal                                                                              5

Social Security (Administration) (Trial – Declinable Transactions and Welfare Restricted Bank Account) Determination 2018                                                                                                                 5

Schedule 2—Declared kinds of business pursuant to subsection 124PQ(2)—By description                                                                                                                6

Schedule 3—Declared kinds of business pursuant to subsection 124PQ(2)—By Merchant Category codes                                                                                      7

Schedule 4—Declared kinds of business pursuant to subsection 124PQ(2)—By Australian and New Zealand Standard Industrial Classification (ANZSIC) codes   8

Schedule 5—Terms and conditions relating to the establishment, ongoing maintenance and closure of welfare restricted bank accounts                                        9


Part 1—Preliminary   

1  Name

                   This instrument is the Social Security (Administration) (Trial of Cashless Welfare Arrangements) (Declinable Transactions and Welfare Restricted Bank Account) Determination 2019.

2  Commencement

                   This instrument commences on the day after it is registered.

3  Authority

                   This instrument is made under subsections 124PP(1) and 124PQ(2) of the Social Security (Administration) Act 1999.

4  Definitions

Note:          A number of expressions used in this instrument are defined in Part 3D of the Act, including the following:

(a)    restrictable payment;

(b)    trial participant;

(c)    voluntary participant;

(d)    cash-like product.

                   In this instrument:

Act means the Social Security (Administration) Act 1999.

excluded goods or services means goods or services mentioned in items 5(a), 5(b) and 5(c) of Schedule 5 to this instrument.

Indue Limited means Indue Ltd (ABN 97 087 822 464).

Merchant Category codes means the merchant category codes under ISO 18245:2003 of the International Organisation for Standardisation as in force at the commencement of this instrument.

Australian and New Zealand Standard Industrial Classification codes means the Australian and New Zealand Standard Industrial Classification (ANZSIC) 2006 as in force at the commencement of this instrument.

trial period means the period specified in subsection 124PF(1) of the Act.

welfare restricted bank account means a bank account of the kind referred to in section 7 of this instrument.

Repeal

                   The instrument specified in Schedule 1 to this instrument is repealed as set out in that Schedule.

 


 

Part 2—Declinable Transactions   

6  Declining of a transaction by a financial institution

                   For the purposes of subsection 124PQ(2) of the Act, the kinds of businesses specified in Schedule 2, Schedule 3 or Schedule 4 to this instrument are the kinds of businesses in relation to which transactions involving money in a welfare restricted bank account may be declined by a financial institution.


 

Part 3—Welfare Restricted Bank Account

7  Welfare restricted bank account

                   For the purposes of subsection 124PP(1) of the Act, the kind of bank account to be maintained by a trial participant or voluntary participant for the receipt of restrictable payments is a debit card account established with Indue Limited.

8  Terms and conditions of welfare restricted bank account

                   For the purposes of subsection 124PP(2) of the Act, the terms and conditions relating to a welfare restricted bank account includes the terms and conditions set out in Schedule 5 to this instrument.

 

 

 


 

Schedule 1—Repeal

Social Security (Administration) (Trial – Declinable Transactions and Welfare Restricted Bank Account) Determination 2018

1  The whole of the instrument

Repeal the instrument

 


 

Schedule 2—Declared kinds of business pursuant to subsection 124PQ(2)—By description

 

 

Item

Description

1

A business which sells alcoholic beverages, gambling services or a cash-like product that could be used to obtain alcoholic beverages or gambling services.

2

A business from which purchases may be made through online transactions or without the need to present a debit card, and the transaction involving money in a welfare restricted bank account is proposed to be made without presenting a welfare restricted bank account debit card.

 


 

Schedule 3—Declared kinds of business pursuant to subsection 124PQ(2)—By Merchant Category codes

 

Item

MCC Code

Description

1

4829

Quasi Cash – Wire Transfer Money Order

2

5309

Duty Free Stores

3

5813

Drinking Places (Alcoholic Beverages)—Bars, Taverns, Nightclubs, Cocktail Lounges and Discotheques

4

5921

Package Stores—Beer, Wine and Liquor

5

6010

Member Financial Institution—Manual Cash Disbursements

6

6011

Member Financial Institution—Automated Cash Disbursements

7

6012

Quasi Cash—Member Financial Institution—Merchandise and Services

8

6050

Quasi Cash—Member Financial Institution

9

6051

Non-Financial Institutions—Foreign Currency, Money Orders (not wire transfer) and Travelers Cheques

10

6211

Securities—Brokers and Dealers

11

6529

Quasi Cash—Remote Stored Value Load—Financial Institution

12

6530

Quasi Cash—Remote Stored Value Load—Merchant

13

6531

Payment Service Provider

14

6534

Quasi Cash—Money Transfer—Member Financial Institution

15

7511

Quasi Cash—Truck Stop Transactions

16

7778

Citishare Cash Advance

17

7932

Pool and Billiard Establishments

18

7995

Gambling Transactions and Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race Track

19

9754

Quasi Cash—Gambling—Horse Racing, Dog Racing, State Lotteries

Schedule 4—Declared kinds of business pursuant to subsection 124PQ(2)—By Australian and New Zealand Standard Industrial Classification (ANZSIC) codes

 

 

Item

ANZSIC code

Description

1

1212

Beer Manufacturing

2

1213

Spirit Manufacturing

3

1214

Wine and Other Alcoholic Beverage Manufacturing

4

3606

Liquor and Tobacco Product Wholesaling

5

4123

Liquor Retailing

6

4520

Pubs, Taverns and Bars

7

9201

Casino Operation

8

9202

Lottery Operation

9

9209

Other Gambling Activities

 


 

Schedule 5—Terms and conditions relating to the establishment, ongoing maintenance and closure of welfare restricted bank accounts

(1)           A welfare restricted bank account can only be:

(a)           opened in a single name; and

(b)           operated by the sole holder of the account.

(2)           A debit card will be provided to the holder of a welfare restricted bank account.

(3)           Any amount of money can be deposited into a welfare restricted bank account.

(4)           Cash cannot be withdrawn from a welfare restricted bank account, whether through the use of a debit card attached to the account or by other methods of withdrawal.

(5)           Systems are in place which, so far as possible, prevent money in a welfare restricted bank account, and a debit card attached to that account, being used to purchase:

(a)             alcoholic beverages; or

(b)             gambling; or

(c)             a cash-like product that could be used to obtain alcoholic beverages or gambling.

(6)           Systems are in place which, so far as possible, prevent a trial participant or voluntary participant transferring money from a welfare restricted bank account to another bank account that is not a welfare restricted bank account unless the money is transferred for a purpose other than enabling the trial participant or voluntary participant to access cash or obtain excluded goods or services.

(7)           The debit card attached to the welfare restricted bank account may be used to purchase goods or services over the telephone or internet, or without presenting the debit card. 

(8)           Fees may not be charged in relation to depositing money into a welfare restricted bank account, or in relation to providing a debit card attached to a welfare restricted bank account to a trial participant or voluntary participant.

(9)           Interest cannot be charged on a balance in a welfare restricted bank account that is less than zero.

(10)         A welfare restricted bank account provided to a person may be closed during the trial period only if the person is not a trial participant.

(11)         A welfare restricted bank account may be used in an arrangement involving automatic drawing or withdrawal of monies by a third party that is based on BSB and account number. 

(12)         Limitations may be placed on the amounts a trial participant or voluntary participant can spend using a debit card attached to his or her welfare restricted bank account.

(13)         Limitations may be placed on the amounts a particular holder of a welfare restricted bank account can transfer out of his or her welfare restricted bank account.

(14)         Limitations may be placed on a welfare restricted bank account and a debit card attached to that bank account to prevent money in the bank account being used to purchase excluded goods or services.