23BAAReduction in VETSL debts incurred between 1 January and 1 June 2025

#### 23BAA Reduction in VETSL debts incurred between 1 January and 1 June 2025 (1) This section applies if, under section 23BA, a person incurs a VETSL debt during the period beginning on 1 January 2025 and ending on 1 June 2025. > Note: Certain VETSL debts are taken to have been incurred on 1 June 2025: see paragraph 23BA(3A)(b). (2) For the purposes of this Act, and despite subsection 23BA(2), the amount of the VETSL debt is the amount worked out under that subsection reduced by 20%.