56AApplication of payment

56A Application of payment (1) An amount received by the Commissioner from a taxpayer or someone on behalf of a taxpayer must be applied in the following order: (a) firstly, any interest payable by the taxpayer under Part 5, Division 1; (b) secondly, any penalty tax payable by the taxpayer under Part 5, Division 2; (c) lastly, any tax (other than any interest or penalty tax) payable by the taxpayer. (2) Subsection (1) has effect except as otherwise decided by the

Taxation Administration Act 2007 30 (3) This section does not affect the operation of section 56.