Document ID: chunk:federal_register_of_legislation:C2025C00136:section:37
Version: federal_register_of_legislation:C2025C00136
Segment Type: section
Provision Reference: s 37
Character Range: 41571–42041

37  Accumulated AASL debt discharges earlier debts
 (1) The accumulated AASL debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:
 (a) any AASL debt that the person incurred during the calendar year immediately preceding that day; and
 (b) any accumulated AASL debt that the person incurred on the immediately preceding 1 June.
 (2) Nothing in subsection (1) affects the application of Division 2 or sections 31 and 35.