PUBLIC TRUSTEE ACT 1995 - SECT 47
PUBLIC TRUSTEE ACT 1995 - SECT 47
47—Tax and other liabilities of Public Trustee
(1) Except as
otherwise determined by the Treasurer, the Public Trustee is liable to all
such rates (other than rates that would be payable to a council), duties,
taxes and imposts and has all such other liabilities and duties as would apply
under the law of the State if the Public Trustee were not an instrumentality
of the Crown.
(2) Except as
otherwise determined by the Treasurer, the Public Trustee is liable to pay to
the Treasurer, for the credit of the Consolidated Account, such amounts as the
Treasurer from time to time determines to be equivalent to—
(a)
income tax and any other taxes or imposts that the Public Trustee does not pay
to the Commonwealth but would be liable to pay under the law of the
Commonwealth if it were constituted and organised in such manner as the
Treasurer determines to be appropriate for the purposes of this subsection as
a public company or group of public companies carrying on the business carried
on by the Public Trustee; and
(b)
rates that the Public Trustee would be liable to pay to a council if the
Public Trustee were not an instrumentality of the Crown.
(3) Amounts determined
by the Treasurer to be payable under subsection (2) must be paid by the
Public Trustee at the times and in the manner determined by the Treasurer.
(4) This section does
not affect any liability that the Public Trustee would have apart from this
section to pay rates to a council.