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.".
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