Document ID: chunk:federal_register_of_legislation:C2024A00108:clause:1_60
Version: federal_register_of_legislation:C2024A00108
Segment Type: clause
Provision Reference: sch 1 cl 60
Character Range: 22621–23803

60  When refunds are required
 If:
 (a) the Australian Apprenticeship Support Loans Act 2014, as amended by this Schedule applies for the purposes of working out the following for a person:
 (i) an accumulated AASL debt;
 (ii) a former accumulated AASL debt; and
 (b) because of the operation of item 59 of this Schedule, the amount previously paid by the person to the Commonwealth under Chapter 3 of the Australian Apprenticeship Support Loans Act 2014, as in force immediately before the commencement of Part 3 of this Schedule exceeds the sum of:
 (i) the amount required immediately before that commencement to discharge the total debt that the person owes to the Commonwealth under Chapter 3 of the Australian Apprenticeship Support Loans Act 2014, as amended by this Schedule; and
 (ii) the total amount immediately before that commencement of the person's primary tax debts (within the meaning of the Taxation Administration Act 1953);
the Commonwealth must refund to the person an amount equal to that excess.
Note: Interest may be payable if the Commonwealth is late in paying refunds: see Part IIIA of the Taxation (Interest on Overpayments and Early Payments) Act 1983.