Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Secretary may, on behalf of the Commonwealth, decide to waive the Commonwealth's right to recover debts (or parts of debts) that are included in a class of debts determined by the Minister by legislative instrument.
(2) A determination under subsection (1) may state:
(a) conditions to be met before the Secretary exercises the power to waive the debts (or parts); and
(b) limits on the amounts of the debts to be waived.
(3) A decision under subsection (1) comes into operation:
(a) if no day is stated in the decision--on the day the decision is made; or
(b) if a day is stated in the decision--on the stated day (whether before, after or on the day the decision is made).