Commonwealth Consolidated Acts

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SOCIAL SECURITY ACT 1991 - SECT 1061ZZFC

Repayable debt for an income year

  (1)   A person's repayable debt for an income year is:

  (a)   the person's accumulated FS debt referred to in paragraph   1061ZZEZ(1)(b) in relation to that income year; or

  (b)   if one or more amounts:

  (i)   have been paid in reduction of that debt; or

  (ii)   have been assessed under section   1061ZZFH to be payable in respect of that debt;

    the amount (if any) remaining after deducting from that debt the amount, or sum of the amounts, so paid or assessed to be payable.

  (2)   A reference in paragraph   (1)(b) to an amount assessed to be payable is, if the amount has been increased or reduced by an amendment of the relevant assessment, a reference to the increased amount or the reduced amount.


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