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

Part 4   AMENDMENTS OF THE CORPORATIONS LAW

28   Application of amount paid as compensation

Section 588Y of the Corporations Law is amended by adding at the end the following subsection:

"(4) Subsection (2) does not apply in relation to a liability that is taken to be a debt because of section 588F.".