TAXATION ADMINISTRATION ACT 1953

PART IIB - RUNNING BALANCE ACCOUNTS, APPLICATION OF PAYMENTS AND CREDITS, AND RELATED MATTERS  

Division 3 - Treatment of payments, credits and RBA surpluses  

SECTION 8AAZLD   8AAZLD   SPECIAL PRIORITY CREDITS  


If, under this Division, the Commissioner is to apply a credit that arises under Schedule 1 to this Act (the PAYG system), the Commissioner must apply it, whether under section 8AAZLA or 8AAZLB :


(a) (Repealed by No 56 of 2010)


(aa) first, against any compulsory repayment amount of the entity; and


(aaa) then against any compulsory VETSL repayment amount of the entity; and


(ab) then against any compulsory SSL repayment amount of the entity; and


(ac) then against any compulsory ABSTUDY SSL repayment amount of the entity; and


(ad) then against any compulsory TSL repayment amount of the entity; and


(b) then against any FS assessment debt of the entity;

before applying it against other non-RBA tax debts of the entity.




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