Section 215

Property vested in the Official Receiver by operation of this Subdivision, or by operation of any previous written law corresponding to this Subdivision, is liable and subject to all charges, claims and liabilities imposed on such property or affecting such property by reason of any statutory provision as to rates, taxes, charges or any other matter or thing to which such property would have been liable or subject had such property continued in the possession, ownership or occupation of the company.

Despite subsection (1), no duty, obligation or liability is imposed on the Official Receiver or the Government to do or suffer any act or thing required by any such statutory provision to be done or suffered by the owner or occupier, other than the satisfaction or payment of any such charges, claims or liabilities out of the assets of the company, so far as those assets are, in the opinion of the Official Receiver, properly available for and applicable to such payment.