1238Debts for the 2014-2015 financial year

1238 Debts for the 2014-2015 financial year

(1) The Secretary may waive the right to recover all or part of a debt if: (a) the payments that gave rise to the debt were made in the 2014-2015 financial year; and (b) the rates of those payments were determined, at least in part, on the basis of an estimate of a person’s business income in relation to that financial year; and (c) the debt arose, at least in part, as a result of a determination under Subdivision A of Division 7 of Part 3 of the Administration Act; and (d) the reason, or one of the reasons, for making that determination was that the Secretary considered that the person’s business income differed from the estimate. (2) If the Secretary forms the opinion that the estimate was not reasonable, the Secretary must have regard to that opinion in deciding whether to waive the right to recover any, all or part of the debt. (3) The Secretary may form the opinion that the estimate was not reasonable even if he or she had earlier considered the estimate to be reasonable.