7.6.9.1 — Prior to 1 July 2001, an administrative charge was applied under Section 205 [2] VEA where a debt:
Note:Prior to 1 July 2001 there was no penalty interest provision under the VEA.
7.6.9.2 — The administrative charge was a one-off charge, calculated by adding $15 + 10% of the balance outstanding after 3 months. The total amount of the charge could not exceed $515.
Example
If a debt of $250 was outstanding after 3 months, the administrative charge would be $40 (i.e.15 + 0.10 ? 250 = 40).
7.6.9.3 — Prior to 1 July 2001, penalty interest was imposed on social security debts under the Social Security Act 1991 (SSA) when the person:
Note:There was no administrative charge provision under the SSA.
Links
[1] https://clik.dva.gov.au/user/login?destination=comment/reply/24351%23comment-form
[2] https://clik.dva.gov.au/service-eligibility-assistant-updates/all-determinations-order-date-signed-oldest-most-recent/determinations-under-vea