Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Secretary may, on behalf of the Commonwealth, enter into an arrangement (a debt payment arrangement ) with a person who owes a debt, under which the person is to pay the debt, or the outstanding amount of the debt, by part payments in accordance with the terms of the arrangement.
(1A) If a person is required to make a payment under a debt payment arrangement before the end of a particular day, the person must make that payment before the end of that day.
(2) A debt payment arrangement operates, or is taken to have operated, on and after the day stated in the arrangement as the day on which the arrangement starts (whether that day is the day on which the arrangement is entered into or an earlier or later day).
(3) If a debt payment arrangement does not state a day as referred to in subsection (2), it operates on and after the day on which it is entered into.
(4) The Secretary may terminate or alter a debt payment arrangement:
(a) at the debtor's request; or
(b) after giving 28 days' notice to the debtor of the proposed termination or alteration; or
(c) without notice, if the Secretary is satisfied that the debtor has failed to disclose material information about the debtor's true capacity to repay the debt.