Jennings Roadfreight Ltd (in liquidation) v Commissioner of Inland Revenue - [2015] 1 NZLR 573

Revenue — Administration — PAYE deducted but not paid to Commissioner — Taxpayer placed in liquidation with a positive bank balance — Whether funds held in trust for Commissioner — Whether trust terminated on failure to pay by due date — Whether trust terminated by liquidation — Priority of Commissioner and other creditors — Tax Administration Act 1994, s 167(1) and (2).

Trusts and trustees — Statutory trust — Nature of trust under s 167(1) of Tax Administration Act — When trust terminated — Tax Administration Act 1994, s 167(1) and (2).