Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 245.150

  (1)   You may choose:

  (a)   the order in which your expenditures are reduced; and

  (b)   the amount applied in reduction of each of those expenditures;

so long as that the * total net forgiven amount remaining is applied, to the maximum extent possible, in reduction of your expenditures.

  (2)   If you do not make a choice for the purposes of subsection   (1), the Commissioner may make the choice on your behalf in a reasonable way.