Article 78 Determination of amount or value of budgeting loan

Section 136 of the Contributions and Benefits Act (principles of determination) is amended as follows.

In subsection (4), after paragraph (d) insert—

“(da)

that the amount or value of a budgeting loan is not to exceed a sum specified or determined as specified in the direction;”.

After subsection (4) insert—

“(4ZA)

A direction under subsection (4)(da) may require the sum to be determined by applying, or by a method that includes applying, a multiplier specified in the direction in circumstances specified in the direction to the most recent relevant sum published by the Department.

(4ZB)

A relevant sum is a sum determined from time to time by reference to so much of any relevant allocation under section 147(1) to (4) of the Administration Act as is available for making payments.”