Document ID: chunk:federal_register_of_legislation:C2025C00180:section:8aazld
Version: federal_register_of_legislation:C2025C00180
Segment Type: section
Provision Reference: s 8AAZLD
Character Range: 109439–110172

8AAZLD  Special priority credits
  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.