Commonwealth Numbered Acts

TERRITORY AUTHORITIES (FINANCIAL PROVISIONS) ACT 1978 No. 6 of 1978 - SECT 9

9. (1) The authorities set out in Part II of the Schedule are subject to
taxation under the laws of the Commonwealth.

(2) Subject to sub-section (3), the authorities referred to in sub-section (1)
are not subject to taxation under any law of a State.

(3) The regulations may provide that sub-section (2) does not apply to a
specified authority in relation to a specified law.

(4) The Canberra Commercial Development Authority is not a public authority
for the purposes of paragraph 23 (d) of the Income Tax Assessment Act 1936 or
paragraph (ii) of item 78 of the First Schedule to the Sales Tax (Exemptions
and Classifications) Act 1935.

(5) The Income Tax Assessment Act 1936 shall be deemed to have applied in
relation to the Canberra Commercial Development Authority at all times since
the establishment of that authority as if that authority had not been a public
authority for the purposes of paragraph 23 (d) of that Act.