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National Reconstruction Fund Corporation Act 2023
61Taxation
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61 Taxation
(1) To avoid doubt, for the purposes of section 50‑25 of the Income Tax Assessment Act 1997, the Corporation is taken to be a public authority constituted under an Australian law.
Note: This means that the Corporation is exempt from income tax.
(2) To avoid doubt, the Corporation is not subject to taxation under a law of a State or Territory, if the Commonwealth is not subject to the taxation.