The following amounts may be recovered by the Commonwealth from an institution, a State, a Territory or a person as debts due to the Commonwealth:
(a) funding contribution that is due and payable by the institution, State, Territory or person;
(b) late payment penalty that is due and payable by the institution , State, Territory or person.
Note: For cases where a person may be liable to pay funding contribution, see sections 123, 131 and 141.