15 Dec 2015
COMMISSIONER OF INLAND REVENUE v CAROL JUNE KARL [2015] NZHC 3233
- Citation
- [2015] NZHC 3233
- Court
- High Court
There was no evidence the Commissioner accepted the bills of exchange in the statutory form required by the Bills of Exchange Act 1908 (signed on the bill by the drawee and stating payment of money), so the bills did not extinguish or reduce the tax debts; accordingly the Commissioner was entitled to adjudication in bankruptcy under the Insolvency Act 2006.