Period of limitations for collection

—(1) Proceedings under this Part shall be commenced within six years of the date on which the taxpayer was determined to be in default pursuant to section 53. (2) Notwithstanding sub-section (1),where there is evidence of fraud, acknowledgement or part payment of tax assessed, the six year period mentioned in sub-section (1) commences at the discovery of the fraud or when the acknowledgement or part payment is made. (3) Subject to sub-section (1), no enactment relating to the limitation of actions, bars or affects an action or remedy for the recovery of unpaid tax, interest, late fees, or penalties under this Act.