191Power to waive Agency’s right to recover debt

191 Power to waive Agency’s right to recover debt

(1) On behalf of the Agency, the CEO may waive the Agency’s right to recover the whole or a part of a debt from a debtor only in the circumstances described in section 192, 193, 194 or 195. (2) A waiver takes effect: (a) on the day specified in the waiver (whether that day is before, on or after the day the decision to waive is made); or (b) if the waiver does not specify when it takes effect—on the day the decision to waive is made.

Note: If the CEO waives the Agency’s right to recover all or part of a debt, this is a permanent bar to recovery of the debt or part of the debt and the debt or part of the debt effectively ceases to exist.