Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:2_1061zzez
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 2 cl 1061ZZEZ
Character Range: 141377–141964

1061ZZEZ  Person's liability

 (1) Subject to subsection (2), a person is liable, in respect of each year of income, to make payments, in accordance with this Part, to reduce the person's relevant debt until that debt is repaid.

 (2) The person is liable to make a payment in respect of a year of income only if:
 (a) the person's taxable income for the year of income is greater than the minimum prescribed amount for the year of income; and
 (b) the person had an accumulated FS debt on 1 June immediately before an assessment of the person's income is made for the year of income.