CTHRepealedAct
Australian Wool Research and Promotion Organisation Act 1993
74Liability to taxation
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##### 74 Liability to taxation
(1) The Organisation is subject to taxation (other than income tax) under the laws of the Commonwealth.
(2) Subject to subsections (3) and (4), the Organisation is not subject to taxation under a law of a State or a Territory.
(3) The regulations may provide that subsection (2) does not apply in relation to taxation under a specified law of a State or a Territory.
(4) Stamp duty under a law of a State or a Territory is payable by the Organisation in respect of transactions entered into by, and documents executed by or on behalf of, the Organisation.
(5) Subsection (4) does not apply in relation to any transfer of assets effected by the Wool Legislation (Repeals and Consequential Provisions) Act 1993.