41Exemptions from State taxes

41 Exemptions from State taxes

41 Exemptions from State taxes

(1) State tax is not payable in relation to any of the following matters or anything done because of, or for a purpose connected with or arising out of, any of the following matters:

(a) the issue of shares in the sale company to the State, the disposal of those shares by the State and the purchase of those shares from the State, or

(b) such other matters in connection with the operation of this Part as may be prescribed by the regulations.

(2) In this section:

State tax means application or registration fees, duty under the Duties Act 1997 or any other tax, duty, fee or charge imposed by any Act or law of the State, other than the Corporations Law.