Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

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-C - From receiver  

SECTION 260-85   260-85   JOINT LIABILITY OF 2 OR MORE RECEIVERS  


If 2 or more persons (the receivers ) take possession of a company ' s assets, for the company ' s debenture holders, in the capacity of receiver, or of receiver and manager, the obligations and liabilities under this Subdivision apply to:


(a) all the receivers; but


(b) may be discharged by any of them.




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