Liability for duties, taxes and other statutory imposts
31 Liability for duties, taxes and other statutory imposts
Despite any other written law but except as stated in subsection (2) —
the Chemistry Centre; and
deeds or other instruments to which it is a party,
are liable to and chargeable with duties, taxes or other imposts under any written law.
Despite subsection (1) but subject to subsection (3), the Chemistry Centre is not liable to pay any local government rate or charge.
Subsection (2) does not apply to the liability to pay any rate or charge in respect of land held under a lease or tenancy agreement from the Chemistry Centre.
The Chemistry Centre is to pay to the Treasurer in respect of each financial year an amount equivalent to the sum of all local government rates and charges that, but for subsection (2) and the Local Government Act 1995 section 6.26(2)(a)(i), the Chemistry Centre would have been liable to pay in respect of that financial year.
Subsection (4) does not apply in relation to rates and charges in respect of land referred to in subsection (3).
An amount payable under subsection (4) —
is to be determined in accordance with such principles as the Treasurer may direct; and
is to be paid at such time or times as the Treasurer may direct.
The first payment under subsection (4) is to be in respect of the next full financial year after the commencement of this Act.
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