1061ZVEE
In forceAccumulated SSL debt discharges earlier debts
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12 (sections 1061ZVAA to 1157)
Chapter 2AAStudent start‑up loans
Part 2AA.3Indebtedness
Division 3Working out accumulated SSL debts
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, 1061ZVEC and 1061ZVECA.
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