Document ID: chunk:federal_register_of_legislation:C2020A00006:clause:3_13
Version: federal_register_of_legislation:C2020A00006
Segment Type: clause
Provision Reference: sch 3 cl 13
Character Range: 47934–49295

13  Section 269‑1 in Schedule 1
Omit:
      The directors of a company have a duty to ensure that the company either:

                (a) meets its obligations under Subdivision 16‑B (obligation to pay withheld amounts to the Commissioner) and Division 268 in this Schedule and Part 3 of the Superannuation Guarantee (Administration) Act 1992 (obligation to pay superannuation guarantee charge); or
                (b) goes promptly into voluntary administration under the Corporations Act 2001 or into liquidation.
substitute:

      This Division deals with obligations of a company:
             (a) under Subdivision 16‑B in this Schedule (obligation to pay withheld amounts to the Commissioner); and
             (b) under Division 268 in this Schedule (obligation to pay estimates); and
             (c) under Part 3 of the Superannuation Guarantee (Administration) Act 1992 (obligation to pay superannuation guarantee charge); and
             (d) under Divisions 33 and 35 of the GST Act in respect of assessed net amounts; and
             (e) under Division 162 of the GST Act in respect of GST instalments.
      The directors of a company have a duty to ensure that the company either:
             (a) meets those obligations; or
             (b) goes promptly into voluntary administration under the Corporations Act 2001 or into liquidation.