Payment hierarchy in company winding up: assets distributed in set priority; taxing officer must approve authorised representatives' bills. Assets of a company in Tribunal winding up, after payment of preservation and realisation expenses, are liable to a specified order of priority: taxed petition costs; costs of those preparing the statement of affairs; necessary liquidator disbursements (excluding preservation expenses); costs of persons employed by liquidators; liquidator's costs and charges; and sanctioned advisory committee expenses. Bills of authorised representatives require allowance by the taxing officer (unless the Tribunal orders otherwise) and proof of sanctioned appointment. The rule does not affect costs ordered in pending legal proceedings.