New South Wales Consolidated Acts

PAYROLL TAX ACT 2007 - SECT 59

59 Local government business entities

(1) Subject to section 60, wages are exempt wages if they are paid or payable:

(a) by a wholly-owned subsidiary (within the meaning of the Corporations Act 2001 of the Commonwealth) of a council (within the meaning of the Local Government Act 1993 ), and

(b) to a person for or in connection with an activity that is conducted for the council under a written arrangement between the subsidiary and the council.

(2) The written arrangement referred to in subsection (1) (b) must include a provision for the payment by the subsidiary to the council of an amount approximately equivalent to the amount of tax that would be payable by the subsidiary under this Act but for the exemption.