Commonwealth Numbered Acts

DEFENCE HOME OWNERSHIP ASSISTANCE SCHEME ACT 2008 (NO. 27, 2008) - SECT 67

             (1)  The debtor must pay the amount (the due amount ) covered by subsection (2) to the Commonwealth.

             (2)  The amount covered by this subsection is the sum of the following:

                     (a)  the overpaid amount;

                     (b)  interest, at the general interest charge rate per day, on so much of the overpaid amount as remains unpaid from time to time after the overpaid amount was paid to the loan provider.

             (3)  In this section:

"general interest charge rate" means the general interest charge rate worked out under section 8AAD of the Taxation Administration Act 1953 .

Note:          The debt may be reduced (or discharged) under section 68 or 69.