Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 222APG

             (1)  If one or more persons are liable to a penalty under this Subdivision, the following are parallel liabilities :

                     (a)  the liability of that person, or of each of those persons, to the penalty;

                     (b)  the company's liability to pay the estimate;

                     (c)  liability under a judgment, so far as it is based on a liability referred to in paragraph (a) or (b).

             (2)  This means that if, at a particular time:

                     (a)  an amount is paid or applied towards discharging one of the parallel liabilities; or

                     (b)  because of section 222AHA, one of the parallel liabilities is discharged to the extent of a particular amount;

each of the others that is in existence at that time is discharged to the extent of the same amount. However, this subsection does not discharge a liability to a greater extent than the amount of the liability.