87Agents or trustees

#### 87 Agents or trustees (1) The following provisions of this section apply with respect to every agent and every trustee. (2) He is answerable for the doing of all such things as are required to be done by virtue of this Act in respect of any wool owned, or any transaction, act or operation in relation to any wool entered into or performed, in his representative capacity or by virtue of his agency. (3) In respect of any such wool or any such transaction, act or operation, he shall make returns and is liable to tax (if any), but in his representative capacity only, and each return shall, except as otherwise provided by this Act, be separate and distinct from any other. (4) If he is a trustee of the estate of a deceased person, the returns shall be the same as far as practicable as the deceased person would, if living, have been liable to make. (5) He is, by force of this section, authorized and required to retain from time to time out of any money that comes to him in his representative capacity so much as is sufficient to pay any tax that is or will become due in respect of any such wool or any such act, transaction or operation. (6) He is, by force of this section, made personally liable for any tax payable in respect of any such wool, or any such act, transaction or operation, if, after the Commissioner has required him to make a return, or while the tax remains unpaid, he disposes of or parts with, without the consent of the Commissioner, any money that comes to him from or out of which the tax could legally be paid, but he is not otherwise personally liable for the tax. (7) He is, by force of this section, indemnified for all payments that he makes in pursuance of this Act or of any requirement of the Commissioner. (8) For the purpose of ensuring the payment of tax, the Commissioner has the same remedies against attachable property of any kind vested in, under the control or management or in the possession of an agent or trustee as he would have against the property of any other person liable to tax in respect of tax. (9) In this section, tax includes additional tax under section 38 or 61.