The Commissioner of Taxation (Commissioner) recently issued draft taxation determination TD 2019/D2 (TD 2019/D2) dealing with the important question of a receiver’s obligation to retain money for post-appointment tax liabilities. A link to TD2019/D2.
Australia, Insolvency & Restructuring, Litigation, Tax, Johnson Winter Slattery, Australian Taxation Office, Commissioner of Taxation (Australia), Corporations Act 2001 (Australia), Income Tax Assessment Act 1936 (Australia), High Court of Australia
The High Court of Australia recently dismissed an application brought by former Queensland Nickel Pty Ltd (QN) directors Mr Clive Palmer and Mr Ian Ferguson for a declaration that section 596A of the Corporations Act 2001 (Cth) is constitutionally invalid.
Australia, Insolvency & Restructuring, Litigation, Johnson Winter Slattery, Constitutionality, Corporations Act 2001 (Australia), High Court of Australia