WHEAT MARKETING ACT 1989No. 58, 1989 - SECT 79 Liability to taxation

WHEAT MARKETING ACT 1989No. 58, 1989 - SECT 79

79. (1) Subject to subsection (4), the Board is subject to taxation (other
than income tax) under the laws of the Commonwealth.

(2) Subject to the regulations, the Board is not subject to taxation under a
law of a State or Territory.

(3) The regulations may provide that subsection (2) does not apply to taxation
under a specified law of a State or Territory.

(4) The Minister may determine, by notice published in the Gazette, that stamp
duty, or any similar tax, is not payable by the Board under a law of the
Commonwealth, or by a person other than the Board under a law of the
Commonwealth or of a State or Territory, in respect of:

   (a)  a security dealt with by the Board;

   (b)  the issue, redemption, transfer, sale, purchase, acquisition or
        discounting of such a security by the Board or any other person,
        excluding a transaction entered into without consideration or for an
        inadequate consideration; or

   (c)  a document executed by or on behalf of the Board, or any transaction,
        in relation to the borrowing or raising of money by the Board.