Document ID: chunk:federal_register_of_legislation:C2015A00169:clause:1_1061zvee
Version: federal_register_of_legislation:C2015A00169
Segment Type: clause
Provision Reference: sch 1 cl 1061ZVEE
Character Range: 24465–24962

1061ZVEE  Accumulated SSL debt discharges earlier debts
 (1) The accumulated SSL debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:
 (a) any SSL debt that the person incurred during the calendar year immediately preceding that day; and
 (b) any accumulated SSL debt that the person incurred on the immediately preceding 1 June.
 (2) Nothing in subsection (1) affects the application of Division 2 of this Part or sections 1061ZVEB and 1061ZVEC.