Commonwealth Consolidated Acts

FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 - SECT 34

             (1)  The Finance Minister may, on behalf of the Commonwealth:

                     (a)  waive the Commonwealth's right to payment of an amount owing to the Commonwealth;

                     (b)  postpone any right of the Commonwealth to be paid a debt in priority to another debt or debts;

                     (c)  allow the payment by instalments of an amount owing to the Commonwealth;

                     (d)  defer the time for payment of an amount owing to the Commonwealth.

Note:          See also subparagraph 65(2)(a)(ia) (which allows regulations to be made about the Finance Minister considering a report from specified persons before waiving a total amount that is more than a specified amount).

             (3)  A waiver may be made either unconditionally or on the condition that a person agrees to pay an amount to the Commonwealth in specified circumstances.

             (4)  In this section:

"amount owing to the Commonwealth" includes an amount that is owing but not yet due for payment.