Superannuation Contributions Tax (Assessment and Collection) Act 1997

Part 4 heading substituted by No 11 of 1999, s 3 and Sch 1 item 314, applicable in relation to amounts that are due to be paid on or after 1 July 1999. The heading formerly read: ``Recovery of unpaid surcharge, advance instalment, interest or late payment penalty''

S 28 repealed by No 11 of 1999, s 3 and Sch 1 item 321, applicable as follows:

(a) payments received by the Commissioner either before or after the beginning of 1 July 1999 (and not already applied before the beginning of 1 July 1999) must be applied in accordance with that section after the beginning of 1 July 1999;

(b) credits arising either before or after the beginning of 1 July 1999 (and not already applied before the beginning of 1 July 1999) may be applied in accordance with that section after the beginning of 1 July 1999.

S 28 formerly read:

APPLICATION OF PAYMENTS  
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If:

(a) 2 or more debts are due to the Commonwealth under this Part; and

(b) an amount is paid to the Commissioner on account of one or more of the debts; and

(c) the total amount of the debts exceeds the amount paid;

the following provisions have effect:

(d) the Commissioner may apply the amount paid in partial discharge of the total amount of the debts; and

(e) the Commonwealth may recover the balance.