Victorian Consolidated Legislation

Financial Institutions Duty Act 1982 - SECT 24A

Joint and several liability of group members

24A. Joint and several liability of group members



(1) A person who, during a period, is or was a member of a group within the
meaning of section 23 or 24 is jointly and severally liable with the other
persons who are or were members of the group during that period to pay duty
payable by members of that group in respect of that period.

(2) In this section-

duty means financial institutions duty, and includes penalty tax and interest
payable under Part 5 of the Taxation Administration Act 1997 in relation to
financial institutions duty.