344Young person beneficiaries may elect money management

1. A young person to whom section 166 or 167 applies may elect to have all or any amounts stated in subsection (3) payable to the young person paid in a money management manner of payment.

2. However, the election may be made by the young person only—

3. to the extent that regulations made under section 418(1)(l) for the purposes of this section allow; and
4. subject to any conditions prescribed by the regulations.

5. The amounts are—

6. any part of a specified beneficiary’s benefit:
7. any part of any other benefit payable under regulations made under section 442(2)(e) (regulations: payments, and debts and deductions: apportionment) for the purposes of section 337 (how benefits are paid):
8. any WFF tax credit:
9. any child disability allowance or disability allowance:
10. any other benefit or payment under this Act to which the young person is entitled.

11. The young person may revoke the election at any time.

Compare

• 1964 No 136 s 180