TAXATION ADMINISTRATION ACT 1953 - SECT 8AAZLD Special priority credits

TAXATION ADMINISTRATION ACT 1953 - SECT 8AAZLD

    If, under this Division, the Commissioner is to apply a credit that arises under Schedule   1 to this Act (the PAYG system), the Commissioner must apply it, whether under section   8AAZLA or 8AAZLB:

  (aa)   first, against any compulsory repayment amount of the entity; and

  (aaa)   then against any compulsory VETSL repayment amount of the entity; and

  (ab)   then against any compulsory SSL repayment amount of the entity; and

  (ac)   then against any compulsory ABSTUDY SSL repayment amount of the entity; and

  (ad)   then against any compulsory AASL repayment amount of the entity; and

  (b)   then against any FS assessment debt of the entity;

before applying it against other non - RBA tax debts of the entity.