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Aboriginal Land Rights (Northern Territory) Act 1976
65BNExemption from taxation
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65BN Exemption from taxation
(1) For the purposes of section 50‑25 of the Income Tax Assessment Act 1997, the NTAI Corporation is taken to be a public authority constituted under an Australian law.
Note: This means the NTAI Corporation is exempt from income tax.
(2) The NTAI Corporation is not subject to taxation under a law of a State or Territory if the Commonwealth is not subject to the taxation.