Commonwealth Numbered Acts

FAMILY ASSISTANCE ESTIMATE TOLERANCE (TRANSITION) ACT 2001 NO. 138, 2001 - SCHEDULE 1

A New Tax System (Family Assistance) (Administration) Act 1999

1 Subsection 102(1)

After "recover debts", insert ", or parts of debts,".

2 After subsection 102(1)

Insert:

(1A)

A determination by the Minister under subsection (1):

(a)

may specify conditions to be met before the Secretary exercises the power to waive debts, or parts of debts, in the specified class; and

(b)

may specify limits on the amounts to be waived in relation to debts in the specified class.

The Secretary must exercise the power to waive in accordance with any conditions or limits specified in the 's determination.