CTHIn ForceAct
Commonwealth Inscribed Stock Act 1911
52BLiability of interest to income tax
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52B Liability of interest to income tax
Notwithstanding anything contained in any other Act, if in any prospectus or form of application issued in relation to a loan raised after 12 September 1931 it is so declared, the interest derived by any person in any financial year from that loan shall be free from income tax payable under the law of the Commonwealth to the same extent as interest derived from new securities referred to in section 20 of the Commonwealth Debt Conversion Act 1931.