Document ID: chunk:federal_register_of_legislation:C2025C00168:section:23eb
Version: federal_register_of_legislation:C2025C00168
Segment Type: section
Provision Reference: s 23EB
Character Range: 50142–50922

23EB  Repayable VETSL debt for an income year
 (1) A person's repayable VETSL debt for an income year is:
 (a) the person's accumulated VETSL debt referred to in paragraph 23EA(1)(b) in relation to that income year; or
 (b) if one or more amounts:
 (i) have been paid in reduction of that debt; or
 (ii) have been assessed under section 23EE to be payable in respect of that debt;
  the amount (if any) remaining after deducting from that debt the amount, or sum of the amounts, so paid or assessed to be payable.
 (2) A reference in paragraph (1)(b) to an amount assessed to be payable is, if the amount has been increased or reduced by an amendment of the relevant assessment, a reference to the increased amount or the reduced amount.

Subdivision B—Levy for overseas debtors