429Commission may waive a debt

429  Commission may waive a debt  (1) The Commission may decide, in writing, to waive the Commonwealth’s right to recover from a person the whole or a part of a debt due to the Commonwealth under this Act. Note: If the Commission waives the Commonwealth’s rights to recover, this is a permanent bar to recovery of the debt—the debt effectively ceases to exist.  (2) The decision takes effect:  (a) on the day set out in the decision (which may be before, on or after the day the decision is made); or  (b) if no day is set out in the decision—on the day the decision is made.