Victorian Repealed Acts

This legislation has been repealed.

Pay-roll Tax Act 1971 - SECT 26

Agent for absentee principal winding-up business

26. Agent for absentee principal winding-up business



(1) Where an agent for an absentee principal has been required by the
principal to wind-up the business of his principal he shall, before taking any
steps to wind-up the business, notify the Commissioner of his intention so to
do, and shall set aside such sum out of the assets of the principal as appears
to the Commissioner to be sufficient to provide for any tax that becomes
payable.

(2) An agent who fails to give notice to the Commissioner or fails to provide
for payment of the tax as required by this section shall be personally liable
for any tax that becomes payable in respect of the business of the principal,
and shall be guilty of an offence.

Penalty: 5 penalty units.

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