137Set‑off

137 Set‑off

(1) If: (a) either of the following amounts (the first amount) is payable by a person: (i) an amount of unit shortfall charge; (ii) an amount payable under section 135; and (b) the following conditions are satisfied in relation to another amount (the second amount): (i) the amount is payable by the Commonwealth to the person; (ii) the amount is of a kind specified in the regulations; the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount. (2) If: (a) either of the following amounts (the first amount) is payable by a person: (i) an amount of unit shortfall charge; (ii) an amount payable under section 135; and (b) an amount (the second amount) is payable by the Commonwealth to the person under section 132; the Regulator may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.