Commonwealth Consolidated Acts

PRIMARY INDUSTRIES AND ENERGY RESEARCH AND DEVELOPMENT ACT 1989 - SECT 46

             (1)  An R&D Corporation is subject to taxation (other than income tax) under the laws of the Commonwealth.

             (2)  Subject to subsections (3) and (4), an R&D Corporation is not subject to taxation under a law of a State or Territory.

             (3)  The regulations may provide that subsection (2) does not apply in relation to:

                     (a)  a specified law of a State or Territory; or

                     (b)  laws in a specified class of laws of a State or Territory.

             (4)  Stamp duty under the law of a State or a Territory is payable by an R&D Corporation in respect of transactions entered into by, and instruments and documents executed by or on behalf of, the Corporation.