33Liability to taxation

#### 33 Liability to taxation (1) Subject to subsection (2A), the Authority is subject to taxation (other than income tax) under the laws of the Commonwealth. (2) Subject to subsection (3), the Authority is not subject to taxation under a law of a State or of a Territory. (2A) Where the Treasurer so determines by notice published in the Gazette, stamp duty, or any similar tax, is not payable by the Authority or any other person under a law of the Commonwealth or of a State or Territory in respect of: (a) a security dealt with by the Authority; (b) the issue, redemption, transfer, sale, purchase, re‑sale, acquisition or discounting of such a security by the Authority or any other person, not including a transaction done without consideration or for an inadequate consideration; (c) any other transaction done for the purposes of a borrowing or other raising of moneys by the Authority; or (d) any other document executed by or on behalf of the Authority for the purposes of a borrowing or other raising of moneys by the Authority. (2B) The power conferred on the Treasurer by subsection (2A) to make a determination extends to the making of a determination in respect of securities included in a specified class or specified classes of securities and in respect of documents or transactions included in a specified class or specified classes of documents or transactions. (3) Subject to subsection (2A), the regulations may provide that subsection (2) does not apply in relation to taxation under a specified law of a State or Territory.