Section 1061ZZEQ — Social Security Act 1991: Accumulated FS debt incurred by person

(1) If: (a) a person had or has an FS debt or FS debts on 1 June in a year (the later date); and (b) the debt was not or is not, or the debts did not or do not include, an FS debt that existed on the previous 1 June; the person is taken to have incurred, or incurs, as the case may be, an accumulated FS debt to the Commonwealth on the later date. (2) If: (a) a person had or has an FS debt or FS debts on 1 June in a year (the later date); and (b) the debt was or is, or the debts included or include, an FS debt that existed on the previous 1 June (the earlier date); the person is taken to have incurred, or incurs, as the case may be, an accumulated FS debt to the Commonwealth on the later date.