(c)
the New South Wales Planning and Environment Commission in respect of the
development of the Sydney South West Sector.
(2) Nothing in this Act operates
to exempt from taxation under this Act any land owned by a
prescribed authority that is--
(a) occupied by the authority as offices from
which to exercise and perform its powers, authorities, duties and functions
unless the land is solely so occupied, or
(b) land leased by the authority
for commercial or industrial purposes.