Urban Renewal Act 1995

The Treasurer may require a statutory corporation 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 the statutory corporation were a public company.

The Treasurer may require a statutory corporation 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 other taxes or imposts that the statutory corporation 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, in the case of a statutory corporation with two or more divisions, as two or more public companies; and

council rates that the statutory corporation would be liable to pay to a council if the statutory corporation were a public company.

Amounts determined to be payable under subsection (2) must be paid by the statutory corporation at the times and in the manner determined by the

Treasurer.