23Approved companies not subject to certain State taxes

#### 23 Approved companies not subject to certain State taxes 23 Approved companies not subject to certain State taxes > > (1) An approved company, and a subsidiary of an approved company, is not liable to taxation under any law of the State (other than under the [Mine Safety (Cost Recovery) Act 2005](/view/html/inforce/current/act-2005-116)) except in so far as the approved company or the subsidiary establishes or administers (or establishes and administers), or provides administrative services in respect of, a superannuation scheme. > > > (2) Subsection (1) does not apply to an approved company, or a subsidiary of an approved company, that engages in activities outside the coal industry (except in so far as those activities are necessary to enable it to exercise its functions in relation to the coal industry). > > > (3) Subsection (2) does not apply to the mines rescue company in respect of the exercise of its functions under Division 3 of this Part or Part 4 in relation to mines other than coal mines. > > **s 23:** Am 2005 No 116, sec 18.