(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.