Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1061ZVEE

Accumulated SSL debt discharges earlier debts

             (1)  The accumulated SSL debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:

                     (a)  any SSL debt that the person incurred during the calendar year immediately preceding that day; and

                     (b)  any accumulated SSL debt that the person incurred on the immediately preceding 1 June.

             (2)  Nothing in subsection (1) affects the application of Division 2 of this Part or sections 1061ZVEB and 1061ZVEC.



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