(1) If:
(a) an amount of levy (the first amount ) is payable by a person; and
(b) an amount (the second amount ) is payable by the Commonwealth to the person:
(i) under a section 14 contract; or
(ii) as a section 14 grant;
the ACMA may, on behalf of the Commonwealth, set off the whole or a part of the first amount against the whole or a part of the second amount.
(2) Before doing so, the ACMA must consult the Secretary.
(3) For the purposes of sections 41 and 42, if the second amount is payable by the Commonwealth to the person under a section 14 contract, the amount set off is taken to have been paid by the Secretary, on behalf of the Commonwealth, under a section 14 contract.
(4) For the purposes of sections 41 and 42, if the second amount is payable by the Commonwealth to the person as a section 14 grant, the amount set off is taken to have been paid by the Secretary, on behalf of the Commonwealth, by way of a section 14 grant.
Grant taken to be payable by the Commonwealth
(5) For the purposes of this section, if a person is eligible to receive a section 14 grant, the amount of the grant is taken to be an amount payable by the Commonwealth to the person.