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(a) (Repealed by No 56 of 2010)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.