Public Trustee's liability for charges on restrained property

Current

(1)

If Territory taxes imposed on restrained or forfeited property fall due while the property is under the control or management of the

Public Trustee, the Public Trustee is liable for the taxes only to the extent of any rents and profits received by the Public Trustee in respect of the property.

(2)

If the property is a business, the Public Trustee is not liable for:

(a)

any payment in respect of long service leave for which the business or the owner of the business is liable; or

(b)

any payment in respect of long service leave to which a person appointed by the Public Trustee to manage the business, or the legal personal representative of such a person, becomes entitled as a result of managing the business after the date of the restraining order.

This Act’s bill:Second reading speech

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115 Public Trustee's liability for charges on restrained property