Write off is the legislative term used to describe a decision not to start, to postpone, or to stop the recovery of a debt due to the Commonwealth for a temporary or permanent period of time. For example, a debt to the Commonwealth may be permanently written off if it is not cost effective to take action to recover the debt.
Act reference: FA(Admin)Act section 95 Secretary may write off a debt
Policy reference: FA Guide 188.8.131.52 Writing-off a Debt
Last reviewed: 6 April 2009