Taxation Laws Amendment Act (No. 3) 1998 (47 of 1998)
Schedule 4 Payment of RPS, PAYE and PPS deductions to Commissioner
Part 2 Other amendments
Income Tax Assessment Act 1936
47 Subsection 221YHZD(4)
Repeal the subsection, substitute:
(4) Notwithstanding anything contained in any other law of the Commonwealth, or in any law of a State or Territory, an amount payable to the Commissioner by a trustee under subsection (3) has priority over all other debts, whether preferential, secured or unsecured.
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