30
CurrentExemption from taxation
Part VIIFinance
30 Exemption from taxation
(1)
The Organisation is not subject to taxation under any law of the Commonwealth, of a State or of a Territory.
(2)
Stamp duty or any similar tax is not payable under a law of the Commonwealth, of a State or of a Territory in respect of:
(a)
a security issued by the Organisation;
(b)
the issue, redemption, transfer, sale or purchase of such a security, not including a transaction entered into without consideration or for an inadequate consideration; or
(c)
a document executed by or on behalf of the Organisation, or any transaction, in relation to the borrowing of money by the Organisation.
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.