Section Sch4-4 — Injury Prevention, Rehabilitation, and Compensation Act 2001

4 If an employer or a PAYE intermediary makes a deduction under section 221(1) and fails to deal with the deduction or any part of it in the manner required by this Act, the deduction, to the extent to which the employer or the PAYE intermediary has not made payment of the deduction to the Corporation or an agent of the Corporation, in the application of the assets of the employer or the PAYE intermediary, ranks— (a) equally with any amount of tax not paid by the employer or the PAYE intermediary, as provided for in section 167(2) of the Tax Administration Act 1994 ; or (b) if there are no such unpaid amounts of tax, in accordance with section 167(2) of the Tax Administration Act 1994 , as if the deduction were an amount of tax withheld and not paid by the employer or the PAYE intermediary. Clause 4 was amended by section 169(3)(a) Taxation (Maori Organisations, Taxpayer Compliance and Miscellaneous Provisions) Act 2003 (2003 No 5) by inserting the words “ or a PAYE intermediary ” after the words “ an employer ” with application to obligations that arise as from 1 April 2004. Clause 4 was amended by section 169(3)(b) Taxation (Maori Organisations, Taxpayer Compliance and Miscellaneous Provisions) Act 2003 (2003 No 5) by inserting the words “ or the PAYE intermediary ” after the words “ the employer ” wherever they occur with application to obligations that arise as from 1 April 2004. Schedule 4 clause 4(a): amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97). Schedule 4 clause 4(b): amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97).