TERMINATION PAYMENTS TAX (ASSESSMENT AND COLLECTION) ACT 1997 (REPEALED)

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 payable 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.