Commonwealth Numbered Acts

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TRADE SUPPORT LOANS ACT 2014 (NO. 81, 2014) - SECT 42

Refunding of payments

                   If a person's completion discount exceeds the sum of:

                     (a)  the amount required to discharge the total TSL debts and accumulated TSL debt that the person owed to the Commonwealth; and

                     (b)  the total amount of the person's primary tax debts (within the meaning of Part IIB of the Taxation Administration Act 1953 );

the Commonwealth must refund to the person an amount equal to that excess.


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