sec.128Liability to State taxes

### sec.128 Liability to State taxes A GOC is not exempt from State tax merely because it is a GOC. A GOC subsidiary is not exempt from State tax merely because it is a GOC subsidiary. State tax is not payable in relation to anything done (including, for example, a transaction entered into or an instrument made, executed, lodged or given) because of, or for a purpose connected with or arising out of, chapter 2 or part 3 of this chapter. The GOC Minister may certify that a specified matter, instrument, transaction or thing is exempt from State tax under subsection (3) , and the matter, instrument, transaction or thing is exempt from State tax. So far as the legislative power of the Parliament permits, the reference in subsection (3) to State tax includes a reference to tax imposed under an Act of another State. In this section— State tax does not include duty under the Duties Act 2001 . For exemption for duty under the Duties Act 2001 , see section 430 (Exemption—instruments and transactions under other Acts) of that Act. s 128 amd 1994 No. 31 s 16 sch 3 ; 1998 No. 21 s 3 sch 1 ; 2001 No. 71 s 551 sch 1 (sec.128-ssec.1) A GOC is not exempt from State tax merely because it is a GOC. (sec.128-ssec.2) A GOC subsidiary is not exempt from State tax merely because it is a GOC subsidiary. (sec.128-ssec.3) State tax is not payable in relation to anything done (including, for example, a transaction entered into or an instrument made, executed, lodged or given) because of, or for a purpose connected with or arising out of, chapter 2 or part 3 of this chapter. (sec.128-ssec.4) The GOC Minister may certify that a specified matter, instrument, transaction or thing is exempt from State tax under subsection (3) , and the matter, instrument, transaction or thing is exempt from State tax. (sec.128-ssec.5) So far as the legislative power of the Parliament permits, the reference in subsection (3) to State tax includes a reference to tax imposed under an Act of another State. (sec.128-ssec.6) In this section— State tax does not include duty under the Duties Act 2001 . For exemption for duty under the Duties Act 2001 , see section 430 (Exemption—instruments and transactions under other Acts) of that Act.