Commonwealth Consolidated Acts Commonwealth Consolidated ActsA debt is forgiven if you no longer have to pay it.
However, this Division does not apply to some cases of forgiveness, such as bankruptcy.
Table of sections
Operative provisions
245 - 35 What constitutes forgiveness of a debt
245 - 36 What constitutes forgiveness of a debt if the debt is assigned
245 - 37 What constitutes forgiveness of a debt if a subscription for shares enables payment of the debt
245 - 40 Forgivenesses to which operative rules do not apply
245 - 45 Application of operative rules if forgiveness involves an arrangement