CORPORATIONS -- Failure by liquidator to ensure monies held back to pay group tax -- Personal liability of liquidator for proportion after it became obvious re-financing not forthcoming -- Conditional release of liquidator pursuant to s481(2) of Corporations Law subject to condition of making good that proportionate liability -- No basis for granting relief under s1318 of Corporations Law.
Acts Cited:
Corporations Law s480; s481; s556; s559; s1318
Income Tax Assessment Act 1936 s221
Case Details
Citation[2001] NSWSC 217
CourtNSWSC
JurisdictionNew South Wales
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