s 12ZJA
In forceRefunding of payments
Part 4AFinancial supplement for tertiary students
Division 6Indebtedness existing after termination date
Subdivision BVoluntary discharge of indebtedness
12ZJA Refunding of payments
If:
(a)
a person pays an amount to the Commonwealth under this Subdivision; and
(b)
the amount exceeds the sum of:
(i)
the amount required to discharge the total debt that the person owed to the Commonwealth under this Part; and
(ii)
the total amount of the person’s primary tax debts (within the meaning of Part IIB of the Taxation Administration Act 1953);
the Commonwealth must refund to the person an amount equal to that excess.
Note:
Interest is payable if the Commonwealth is late in paying requested refunds: see Part IIIA of the Taxation (Interest on Overpayments and Early Payments) Act 1983.
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