Commonwealth Consolidated Acts

MILITARY SUPERANNUATION AND BENEFITS ACT 1991 - SECT 24

             (1)  Subject to this section, the Board and the Fund are not liable to taxation under:

                     (a)  a law of the Commonwealth other than the Superannuation Contributions Tax (Assessment and Collection) Act 1997 , the Income Tax Assessment Act 1936 or the Income Tax Assessment Act 1997 ; or

                     (b)  a law of a State or Territory to which the Commonwealth is not subject.

             (2)  Income derived from the investment of money standing to the credit of the Fund, or otherwise from the management of the Fund by the Board, is not liable to taxation under any law of a State or Territory.

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