106ZHCommissioner must give suspension notice

106ZH Commissioner must give suspension notice

(1) The Commissioner must give an institution a notice (the suspension notice) in writing under this subsection in relation to a person if: (a) the person’s total indebtedness under this Act exceeds the maximum permitted debt; and (b) the Commissioner has given the person a loan limit notice in accordance with section 106ZE; and (c) the loan limit notice has not been cancelled by a notice under section 106ZF; and (d) according to information that the institution has given the Commissioner, the person: (i) is enrolled in or undertaking a designated course of study at the institution; or (ii) proposes to enrol in or undertake a designated course of study at the institution. (2) The suspension notice must: (a) state that: (i) on the day on which it is given, the person’s total indebtedness under this Act exceeds the maximum permitted debt; and (ii) the Commissioner gave the person a loan limit notice on or before that day; and (iii) the loan limit notice has not been cancelled by a notice under section 106ZF on or before that day; and (b) specify the day on which the Commissioner gave the person the loan limit notice. (3) The Commissioner must give a copy of the suspension notice to the person to whom it relates.