Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
If there are 2 or more persons who become liquidators of the company, the obligations and liabilities under this Subdivision:
(a) apply to all the liquidators; but
(b) may be discharged by any of them.
Note: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rules
PART 4-15
-
COLLECTION AND RECOVERY OF TAX-RELATED LIABILITIES AND OTHER AMOUNTS
Division 260
-
Special rules about collection and recovery
Subdivision 260-B
-
From liquidator
SECTION 260-55
260-55
JOINT LIABILITY OF 2 OR MORE LIQUIDATORS
If there are 2 or more persons who become liquidators of the company, the obligations and liabilities under this Subdivision:
(a) apply to all the liquidators; but
(b) may be discharged by any of them.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.