Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997

S 24 repealed by No 11 of 1999, s 3 and Sch 1 item 336, applicable as follows:

(a) payments received by the Commissioner either before or after the beginning of 1 July 1999 (and not already applied before the beginning of 1 July 1999) must be applied in accordance with that section after the beginning of 1 July 1999;

(b) credits arising either before or after the beginning of 1 July 1999 (and not already applied before the beginning of 1 July 1999) may be applied in accordance with that section after the beginning of 1 July 1999.

S 24 formerly read:

APPLICATION OF PAYMENTS  
24
If:

(a) 2 or more debts are due to the Commonwealth under this Part; and

(b) an amount is paid to the Commissioner on account of one or more of the debts; and

(c) the total amount of the debts exceeds the amount paid;

the following provisions have effect:

(d) the Commissioner may apply the amount paid in partial discharge of the total amount of the debts; and

(e) the Commonwealth may recover the balance.