CTHRepealedAct
Federal Airports Corporation Act 1986
45Exemption from taxation
Start here
Get a plain-English read of 45
Turn the raw legal text into a practical explanation grounded in Federal Airports Corporation Act 1986.
##### 45 Exemption from taxation
(1) Notwithstanding any other law of the Commonwealth, a State or a Territory, the Corporation is not liable to pay taxes.
(1AA) Subsection (1) does not apply to a law of the Commonwealth relating to sales tax or income tax.
(1AB) The Corporation is not a public authority for the purposes of paragraph 23(d) of the Income Tax Assessment Act 1936 or section 50‑25 of the Income Tax Assessment Act 1997.
(1A) Subsection (1) does not apply to a law of a State or Territory relating to pay‑roll tax.
(4) Nothing in this section shall be read as implying that a company in which the Corporation has an interest or that is a partner of the Corporation is not liable to pay taxes under any law of the Commonwealth, of a State or of a Territory.