#### 12ZFA Reduction in accumulated FS debt on 1 June 2025 For the purposes of working out the accumulated FS debt incurred by a person on 1 June 2025, section 12ZF has effect as if the formula in subsection (3) of that section were omitted and substituted with the following: ![Start formula open square bracket open round bracket adjusted accumulated FS debt times 0.8 close round bracket times indexation factor close square bracket plus later FS debts end formula](image.020.png)

Previous section12ZFFS debt and accumulated FS debt Next section12ZGAccumulated FS debt discharges earlier debts