Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 24AO

                   A body is an STB if:

                     (a)  it is a company limited solely by shares; and

                     (b)  all the shares in it are beneficially owned by one or more government entities.

Note:          For the definition of government entity see section 24AT. Note that an excluded STB is not a government entity.