Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:2_8aazla
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 2 cl 8AAZLA
Character Range: 206917–207565

8AAZLA  Method 1—allocating the amount first to an RBA

 (1) The Commissioner may, in the manner he or she determines, allocate the amount to an RBA of the entity.

 (2) The Commissioner must then also apply the amount against the following kinds of debts (if there are any):
 (a) tax debts that have been allocated to that RBA;
 (b) general interest charge on such tax debts.

 (3) To the extent that the amount is not applied under subsection (2), it gives rise to an excess non‑RBA credit in favour of the entity that:
 (a) is equal to the part of the amount that is not applied; and
 (b) relates to the RBA to which the amount was allocated.