42
CurrentApplication of payments to assessment liability
Part 4Payments and refunds of tax and other amounts
Division 3How payments for tax and other amounts are allocated and applied
42 Application of payments to assessment liability
A payment received by the commissioner for an assessment liability must be applied in the following order—
(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.
This Act’s bill:Explanatory memorandum
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