Tax equivalents payable by New South Wales
9 Tax equivalents payable by New South Wales
The Treasurer may make an agreement with the Treasurer of New South Wales for the payment to Victoria of such proportion of a payment made by the Snowy Hydro Company under section 9 of the New South Wales Corporatisation Act as is equal to the proportion of the shares in the Company held by Victoria during the period in respect of which the payment is made.
The Treasurer may approve the nomination by the Premier of New South Wales of a person to be the Tax Assessor for the Snowy Hydro Company for the purposes of section 9 of the New South Wales Corporatisation Act.
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