Commonwealth Consolidated Acts(1) To avoid doubt, for the purposes of section 50-25 of the Income Tax Assessment Act 1997 , the Authority is taken to be a public authority constituted under an Australian law.
Note: This means that the Authority is exempt from income tax.
(2) No rate, tax, charge or fee is payable under a law of a State in respect of any act or thing done by or on behalf of:
(a) the Authority; or
(b) the Commonwealth for the benefit of the Authority.
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