Permanent write off of Centrelink debts 107-05130020

'DEC' - this write off reason will permanently write off all outstanding debts.

This code is not valid for PPL organisations.

Family debt offsetting applies for:

• Family Tax Benefit (FTB) instalment arrears, and
• garnishee of Australian Taxation Office (ATO) refund

If funds become available from the deceased customer's estate, apply the funds to the debt.

Details:

• Debt ID specific: No
• Automatic FTB offsetting: Yes
• Automatic recovery of FTB instalment arrears: Yes
• Automatic tax garnishee: No
• Displayed on Money You Owe: No

Use BRD when a debt is covered by bankruptcy, and:

• no dividends are expected
• the debt is not due to fraud

This code is valid for individuals and organisations.

Details:

• Debt ID specific: Yes
• Automatic FTB offsetting: No
• Automatic recovery of FTB instalment arrears: No
• Automatic tax garnishee: No
• Displayed on Money You Owe: No

Use IRD when an organisation debt is for a period before the date of insolvency, and:

• no dividends are expected
• the debt is not due to fraud

This code is not valid for individuals.

Details:

• Debt ID specific: Yes
• Automatic FTB offsetting: No
• Automatic recovery of FTB instalment arrears: No
• Automatic tax garnishee: No
• Displayed on Money You Owe: No

Use STB when 6 years has passed without any action on the debt.

This code is only valid for debts, which reached the 6 years date before 1 January 2017. This write off reason will only permanently write off the selected debt, not all outstanding debts.

This code is valid for individuals and organisations.

For more information on statute barred debts, see Six Year Limitation Write off.

Details:

• Debt ID specific: Yes
• Automatic FTB offsetting: No
• Automatic recovery of FTB instalment arrears: No
• Automatic tax garnishee: No
• Displayed on Money You Owe: No

Use IAL when the:

• customer successfully defends a Judgement Order, and
• court is not satisfied the debt is owed

This code is valid for individuals and organisations.

Use IAL when a Reparation Order is placed:

• before the date of bankruptcy, and
• the debt period is before the bankruptcy date (including debts incurred by means of fraud)

Details:

• Debt ID specific: Yes
• Automatic FTB offsetting: No
• Automatic recovery of FTB instalment arrears: No
• Automatic tax garnishee: No
• Displayed on Money You Owe: No