s 1061ZZEO
In forceFS debt owed by person
Volume 3Chapter 2AA, Part 2AA.1 to Chapter 3, Part 3.12, sections 1061ZVAA-1157
Chapter 2BStudent Financial Supplement Scheme
Part 2B.3Repayment of financial supplement through taxation system after termination date
Division 2FS debt and accumulated FS debt
1061ZZEO FS debt owed by person
(1)
If, at the termination date of a financial supplement contract made by a person with a participating corporation, there was or is an amount outstanding under the contract, the person owes an FS debt to the Commonwealth.
(2)
The FS debt is taken to have been incurred, or is incurred, as the case may be, on 1 June immediately after the termination date.
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