Commonwealth Numbered Acts

AUSTRALIAN WOOL CORPORATION ACT 1991 No. 108 of 1991 - SECT 89

89. (1) The Corporation is subject to taxation (other than income tax) under
the laws of the Commonwealth.

(2) Subject to subsections (3) and (4), the 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 taxation under a specified law of a State or Territory.

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

(5) Subsection (4) does not apply in relation to any transfer of assets under
regulations made under section 99.