1061ZZEE
In forceLiability of person
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12, sections 1061ZVAA-1157
Chapter 2BStudent Financial Supplement Scheme
Part 2B.2Payments of financial supplement under scheme to stop in certain circumstances
Division 4Payments to stop if person is found never to have been eligible to obtain financial supplement
Subdivision BFinancial supplement paid because of false or misleading information
1061ZZEE Liability of person
(1)
No amount is taken to be outstanding under the contract after the notice is given.
(2)
However, the person is liable to pay to the Commonwealth an amount worked out, as at the end of the period of 4 weeks referred to in subsection 1061ZZDY(3), using the formula:
Start formula Principal sum minus Amounts repaid plus Interest subsidy end formula
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