Liability for company liquidation: directors of private companies may be jointly and severally liable for unpaid GST unless excused.

When a company is being wound up the appointed receiver or liquidator must notify the Commissioner within thirty days. The Commissioner shall inquire as he deems fit and, within three months of intimation, notify the liquidator of the amount sufficient to provide for any tax, interest or penalty payable. If a private company's tax, interest or penalty cannot be recovered, every person who was a director during the relevant period is jointly and severally liable unless he proves the non-recovery is not due to gross neglect, misfeasance or breach of duty.

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