QLDIn ForceAct
Queensland Investment Corporation Act 1991
sec.38Taxation
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### sec.38 Taxation
The Corporation is to pay to the Treasurer sums of money at such times as determined by the Treasurer in consultation with the Corporation.
Each sum determined by the Treasurer is to be an amount that reasonably reflects the amount that the Corporation, if it did not represent the State, would have been liable to pay in respect of any tax, duty, charge, levy, rates or fee or other similar amount under any Act of this, another State or a Territory.
If the Corporation is or becomes liable for any payment referred to in subsection (2) then it is not required to make payments to the Treasurer under this section to that extent.
s 38 amd 1994 No. 38 s 3 sch ; 2001 No. 71 s 551 sch 1
(sec.38-ssec.1) The Corporation is to pay to the Treasurer sums of money at such times as determined by the Treasurer in consultation with the Corporation.
(sec.38-ssec.2) Each sum determined by the Treasurer is to be an amount that reasonably reflects the amount that the Corporation, if it did not represent the State, would have been liable to pay in respect of any tax, duty, charge, levy, rates or fee or other similar amount under any Act of this, another State or a Territory.
(sec.38-ssec.3) If the Corporation is or becomes liable for any payment referred to in subsection (2) then it is not required to make payments to the Treasurer under this section to that extent.