Document ID: chunk:federal_register_of_legislation:C2004C01135:clause:2_1061zzeq
Version: federal_register_of_legislation:C2004C01135
Segment Type: clause
Provision Reference: sch 2 cl 1061ZZEQ
Character Range: 134139–134899

1061ZZEQ  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.