Exemption from interest charge—general
1229E Exemption from interest charge—general
A person is not liable to pay interest charge under section 1229A or 1229B if on the day before the start of the period in respect of which the person would otherwise have been liable to pay that charge:
the person is receiving a social security payment; or
the person is receiving a payment of pension, veteran payment or allowance under the Veterans’ Entitlements Act; or
the person is receiving instalments of family tax benefit; or
the person is receiving instalments under the ABSTUDY scheme (also known as the Aboriginal Study Assistance Scheme) that includes an amount identified as living allowance; or
the person is receiving instalments under the Assistance for Isolated Children Scheme; or
the circumstances determined in an instrument under subsection (2) apply in relation to the person.
The Minister may, by legislative instrument, determine circumstances for the purposes of paragraph (1)(f).
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