41
CurrentLiability to taxation
41 Liability to taxation
(1)
The Authority is subject to taxation under the laws of Australia.
(2)
Subject to sub-section (3), the Authority is not subject to taxation under a law of a State or of a Territory.
(3)
The regulations may provide that sub-section (2) does not apply in relation to taxation under a specified law of a State or Territory.
(4)
The Authority is not a public authority for the purpose of paragraph 23(d) of the Income Tax Assessment Act 1936-1973.
PART VI—MISCELLANEOUS
This Act’s bill:Second reading speech
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