Tax and other liabilities of TAFE SA
31 Tax and other liabilities of TAFE SA
The Treasurer may require TAFE SA (or TAFE SA in the undertaking of specified activities) to pay all or specified rates, duties, taxes and imposts, and to assume other liabilities and duties (either generally or of a specified kind) as would apply under the law of the State if TAFE SA were not an instrumentality of the Crown.
The Treasurer may require TAFE SA to pay to the Treasurer, for the credit of the Consolidated Account, such amounts as the Treasurer from time to time determines to be equivalent in effect to either (or both) of the following:
income tax and any other taxes or imposts that TAFE SA does not pay to the Commonwealth but would be liable to pay under the law of the
Commonwealth if it were constituted and organised in such manner as the
Treasurer determines to be appropriate for the purposes of this subsection as a public company or group of public companies carrying on the business carried on by TAFE SA;
rates that TAFE SA would be liable to pay to a council if TAFE SA were not an instrumentality of the Crown.
Amounts determined by the Treasurer to be payable under subsection (2) must be paid by TAFE SA at the times and in the manner determined by the Treasurer.
This Act’s bill:Second reading speech
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