Exemption from taxation—superannuation schemes and superannuation funds administered by CSC
33 Exemption from taxation—superannuation schemes and superannuation funds administered by CSC
Subject to this section:
CSC, when performing functions, or exercising powers, in relation to a superannuation scheme and superannuation fund administered by CSC; and
a superannuation fund administered by CSC;
are not subject to:
taxation under a law of the Commonwealth other than:
the A New Tax System (Goods and Services Tax) Act 1999; or
the Income Tax Assessment Act 1936; or
the Income Tax Assessment Act 1997; or
the Superannuation Contributions Tax (Assessment and Collection) Act 1997; or
taxation under a law of a State or Territory, if the Commonwealth is not subject to the taxation.
The regulations may provide that subsection (1) does not apply in relation to taxation under a specified law.
The regulations may specify different laws for different superannuation funds administered by CSC.
In relation to the PSSAP and the PSSAP Fund:
this section has effect subject to such modifications (if any) as are prescribed by the regulations; and
the regulations may provide that this section ceases to have effect at a specified time.
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