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<h1>Liquidators must notify the Commissioner within 30 days; former directors may be liable for unpaid taxes post-liquidation.</h1> When a company enters liquidation, the appointed liquidator must inform the Commissioner within thirty days. The Commissioner will then determine the amount needed to cover any tax liabilities within three months of receiving this notification. If a private company cannot settle its tax, interest, or penalties during or after liquidation, former directors are jointly and severally liable unless they can prove that the inability to recover these amounts was not due to their gross neglect, misfeasance, or breach of duty.