Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_7:p3
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 7 (pt 3/3)
Character Range: 1236248–1237401

33 and 35 of the *GST Act in respect of *assessed net amounts; and
 (v) Division 162 of the GST Act in respect of GST instalments (within the meaning of the GST Act); or
 (b) goes promptly into voluntary administration or restructuring under the Corporations Act 2001 or into liquidation.
Note: The directors' duties are enforced by penalties on the directors. A penalty recovered under this Division is applied towards meeting the company's obligation.

269‑10  Scope of Division
 (1) This Division applies as set out in the following table:

Obligations that directors must cause company to comply with
Item                                                          Column 1                                                                                                                                                      Column 2
                                                              This Division applies if, on a particular day (the initial day), a company is a company registered under the Corporations Act 2001, and on the initial day …  and the company is obliged to pay to the Commissioner on or before a particular day (the due day) …