Re Arnold Trading Co Ltd - [1983] NZLR 445

Company law — Receivership — Priority of claims — Debenture holder had appointed a receiver — Sales tax was owing to Collector of Customs in respect of goods sold by the company before receiver was appointed — Whether the Collector's claim for sales tax took priority over the claims of the debenture holder and unsecured creditors — Sales Tax Act 1974, s 46.