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Financial Corporations (Transfer of Assets and Liabilities) Act 1993
10Exemption from taxes etc.
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10 Exemption from taxes etc.
If, apart from this section, a transferring corporation or a receiving corporation would be liable to pay a tax or fee under: (a) a law of the Commonwealth (other than the Income Tax Assessment Act 1936 or the Income Tax Assessment Act 1997); or (b) a law of a State or Territory; in respect, or as a result, of the transfer of an asset or liability or in respect of the registration of such a transfer, that corporation is exempted from paying the tax or fee.