s 52
In forceExemption from taxation
Part 5Finance
Division 2Housing Australia’s money
52 Exemption from taxation
(1)
For the purposes of section 50‑25 of the Income Tax Assessment Act 1997, Housing Australia is taken to be a public authority constituted under an Australian law.
Note:
This means Housing Australia is exempt from income tax.
(2)
Housing Australia is not subject to taxation under a law of a State or Territory, if the Commonwealth is not subject to the taxation.
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