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Taxation Administration Act 2001
sec.42Application of payments to assessment liability
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sec.42 Application of payments to assessment liability
A payment received by the commissioner for an assessment liability must be applied in the following order— first, an amount payable under a tax law, other than late payment interest or tax; second, another amount payable under a tax law, other than primary tax; last, primary tax.
- (a) first, an amount payable under a tax law, other than late payment interest or tax;
- (b) second, another amount payable under a tax law, other than primary tax;
- (c) last, primary tax.