Apportionment of sale proceeds: recovery costs and dues take priority, balance credited to electronic cash ledger or bank. Realisations from sale or disposal are appropriated in priority: administrative recovery costs first, then the amount or penalty due, then other amounts ... Summary
Apportionment of sale proceeds: recovery costs and dues take priority, balance credited to electronic cash ledger or bank.
Realisations from sale or disposal are appropriated in priority: administrative recovery costs first, then the amount or penalty due, then other amounts owing under GST laws, and the residual is credited to the owner's electronic cash ledger if registered or to the person's bank account if not registered; where payment cannot be made within six months (or extended period) the balance is to be deposited into the Fund.
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