Section EH 23 — Income Tax Act 2007: Refund on bankruptcy

EH 23 Refund on bankruptcy When this section applies (1) This section applies when a person— (a) has a main income equalisation account; and (b) is bankrupt. Refund (2) The Commissioner must refund to the Official Assignee having charge of the person’s estate the amount that, on the date the deposit ends, is in the person’s main income equalisation account, regardless of the length of time it has been in the account. Section EH 28 overrides this subsection. Defined in this Act: amount , Commissioner , date the deposit ends , main income equalisation account , person , Compare: 2004 No 35 s EH 23