Commonwealth Numbered Acts

TRADE SUPPORT LOANS ACT 2014 (NO. 81, 2014) - SECT 37

             (1)  The accumulated TSL debt that a person incurs on 1 June in a financial year discharges, or discharges the unpaid part of:

                     (a)  any TSL debt that the person incurred during the calendar year immediately preceding that day; and

                     (b)  any accumulated TSL 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.