Insolvency (Tax Priorities) Legislation Amendment Act 1993 (32 of 1993)

Part 4   AMENDMENTS OF THE CORPORATIONS LAW

24   Creditor may serve statutory demand on company

Section 459E of the Corporations Law is amended by adding at the end the following subsections:

"(5) A demand under this section may relate to a liability under any of the following provisions of the Income Tax Assessment Act 1936:

(a) section 221F (except subsection 221F (12)), section 221G (except subsection 221G (4A)) or section 221P;

(b) subsection 221YHDC (2);

(c) subsection 221YHZD (1) or (1A);

(d) subsection 221YN (1);

(e) section 222AHA;

even if the liability arose before the commencement of this section.

"(6) Subsection (5) is to avoid doubt and is not intended to limit the generality of a reference in this Law to a debt.".