Liability of directors to pay levy
58B Liability of directors to pay levy
This section applies if—
a person—
is a director of a phoenix company; and
was a director of a defunct company at the time the company made a creditor-defeating disposition; and
the levy payable by the defunct company under section 50 remains unpaid.
The authority may recover as a debt from the person—
the amount of the levy that remains unpaid; and
any interest payable under section 52 on the amount of the levy unpaid; and
any costs reasonably incurred by the authority in recovering the unpaid levy.
Note An amount owing under a law may be recovered as a debt in a court of competent jurisdiction or the ACAT (see Legislation Act, s 177).
If 2 or more people are together and separately liable to pay an amount under subsection (2), the authority may recover the whole of the amount from them, or any of them, or any 1 of them.
In this section:
creditor-defeating disposition—see section 58A (a) (iii).
defunct company—see section 58A (a).
phoenix company—see section 58A (b).
Part 6 Entries in workers register
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