Commonwealth Consolidated Acts

SUPERANNUATION ACT 1990 - SECT 26

             (1)  Subject to this section, neither:

                     (a)  the Board (in so far as it performs functions, or exercises powers, in relation to the Public Sector Superannuation Scheme or the PSS Fund); nor

                     (b)  the PSS Fund;

are subject to:

                     (c)  taxation under a law of the Commonwealth other than:

                              (i)  the Income Tax Assessment Act 1936 ; or

                             (ii)  the Income Tax Assessment Act 1997 ; or

                            (iii)  the Superannuation Contributions Tax (Assessment and Collection) Act 1997 ; or

                     (d)  taxation under a law of a State or Territory, if the Commonwealth is not subject to the taxation.

             (2)  Income derived from the investment of moneys standing to the credit of the Fund, or otherwise from the management of the PSS 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.