45Exemption from State tax

45 Exemption from State tax

45 Exemption from State tax

(1) In this section—

exempt matter means any of the following—

(a) the conversion of AGL into a body corporate by operation of this Act,

(b) the vesting in corporatised AGL on the conversion day of any assets by operation of this Act, including, without limitation, any instrument executed only for a purpose ancillary to or consequential on the operation of Schedule 3,

(c) the conferring or imposition on corporatised AGL on the conversion day of any rights or liabilities by operation of this Act, including, without limitation, any instrument executed only for a purpose ancillary to or consequential on the operation of Schedule 3,

(d) the registration of corporatised AGL as a company under Part 5B.1 of the Corporations Act 2001 of the Commonwealth,

(e) such other matters in connection with this Act as may be prescribed by the regulations.

State tax means application or registration fees, stamp duty or any other tax, duty, fee or charge imposed by any Act or law of the State.

(2) State tax is not payable in relation to—

(a) an exempt matter, or

(b) anything done because of, or for a purpose connected with or arising out of, an exempt matter.