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AUSTRALIAN SPORTS COMMISSION ACT 1989 - SECT 50 Commission exempt from taxation

AUSTRALIAN SPORTS COMMISSION ACT 1989 - SECT 50

Commission exempt from taxation

  (1)   Subject to subsection   ( 3), the income, property and transactions of the Commission are not subject to taxation under the laws of the Commonwealth or of a State or Territory.

  (3)   The regulations may provide that subsection   ( 1) does not apply in relation to taxation under a specified law.