Statute
Section 1061ZVEE — Social Security Act 1991: Accumulated SSL debt discharges earlier debts
Text of the provision Official document
(1) The accumulated SSL debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of: (a) any SSL debt that the person incurred during the calendar year immediately preceding that day; and (b) any accumulated SSL debt that the person incurred on the immediately preceding 1 June. (2) Nothing in subsection (1) affects the application of Division 2 of this Part or sections 1061ZVEB, 1061ZVEC and 1061ZVECA.
Official source: Federal Register of Legislation
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