s 12ZS
In forceApplication of payments
Part 4AFinancial supplement for tertiary students
Division 6Indebtedness existing after termination date
Subdivision EMiscellaneous
12ZS Application of payments
An amount paid by a person in respect of the person’s indebtedness to the Commonwealth under this Division is to be applied in accordance with the direction of the person or, in the absence of such a direction or to the extent that the direction does not adequately deal with the matter:
(a)
first, in discharge or reduction of any FS assessment debts of the person; and
(b)
secondly, in discharge or reduction of any accumulated FS debt of the person.
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