Taxation Administration Act 2001
sec.41Allocating payments if more than 1 assessment liability
Start here
Get a plain-English read of sec.41
Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 2001.
sec.41 Allocating payments if more than 1 assessment liability
If a taxpayer has an assessment liability under more than 1 assessment, the commissioner must decide the assessment liabilities to which a payment received by the commissioner is to be applied under section 42 . In making the decision, the commissioner may, but is not required to, have regard to a request by the taxpayer for the allocation of the payment. (sec.41-ssec.1) If a taxpayer has an assessment liability under more than 1 assessment, the commissioner must decide the assessment liabilities to which a payment received by the commissioner is to be applied under section 42 . (sec.41-ssec.2) In making the decision, the commissioner may, but is not required to, have regard to a request by the taxpayer for the allocation of the payment.