Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1061ZZCK

What happens if person makes an excess repayment

    If a person purports to make a repayment to a participating corporation under a financial supplement contract by paying an amount under subsection   1061ZZCJ(3) that exceeds the amount that, having regard to the discount to which the person is entitled, would be needed to pay in full the amount outstanding, the excess:

  (a)   is taken not to be a repayment; and

  (b)   must be repaid by the corporation to the person.


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