Commonwealth Consolidated Acts

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CROWN DEBTS (PRIORITY) ACT 1981 - SECT 4

Certain rights of the Crown not affected

                   Nothing in section 3, or in the Corporations Act 2001 affects the operation of former subsections 221YHJ(3), (4) and (5) or 221YHZD(3), (4) and (5) or former section 221YU of the Income Tax Assessment Act 1936 or of section 32 of the Life Insurance Policy Holders' Protection Levies Collection Act 1991 .

Note:   The provisions of the Income Tax Assessment Act 1936 referred to do not apply to liabilities arising after 30 June 1993.




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