8Method of paying Coronavirus economic response payments

#### 8 Method of paying Coronavirus economic response payments (1) If, under the rules, the Commissioner is required to pay a Coronavirus economic response payment to an entity, the Commissioner must pay the payment to the credit of: (a) if the entity has nominated a financial institution account as referred to in section 8AAZLH of the Taxation Administration Act 1953—that account; or (b) if paragraph (a) does not apply—the financial institution account nominated by the entity in the entity’s most recent income tax return lodged for an income year. (2) However, the Commissioner may direct that the payment be paid to the entity in a different way. (3) If the entity has not nominated a financial institution account as mentioned in subsection (1) and the Commissioner has not directed that the payment be paid in a different way, the Commissioner is not obliged to pay the payment to the entity until the entity does so. (4) If the Commissioner pays a payment to the credit of a financial institution account nominated by an entity, the Commissioner is taken to have paid the payment to the entity.