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COMMONWEALTHAct
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s 30

Exemption from taxation

In force
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.

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