Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 27

             (1)  The Corporation is subject to taxation under the laws of the Commonwealth.

          (1A)  Except as prescribed, the Corporation is not subject to taxation under a law of a State or Territory.

          (1B)  Subject to section 33X, the Corporation is subject to stamp duty or any similar tax under a law of a State or Territory in respect of transactions entered into by, and documents executed by or on behalf of, the Corporation.

          (1C)  Nothing in subsection (1B) limits the regulations that may be made for the purposes of subsection (1A).

             (2)  The Corporation is not a public authority for the purposes of paragraph 23(d) of the Income Tax Assessment Act 1936 or section 50‑ 25 of the Income Tax Assessment Act 1997 .

             (3)  Securities issued by the Corporation are not public securities or Commonwealth securities for the purposes of the Income Tax Assessment Act 1936 .