### 11 Status of Company > > (1) Unless this or any other Act expressly provides otherwise, the Company or a subsidiary of the Company – > > > > > > (a) is not, and does not represent, the Crown; and > > > > > > > (b) is not exempt from any rates, tax, duty or other impost under any law merely because the Crown has beneficial ownership of shares in it. > > > (2) [*\[Section 11 Subsection (2) substituted by No. 22 of 2023, s. 33, Applied:01 Jul 2023\]*](/view/html/inforce/2023-07-01/act-2023-022#GS33@EN) The Crown is not liable for any liability or obligation of the Company or subsidiary of the Company unless – > > > > > > (a) the Treasurer gives a guarantee or indemnity under [section 14](#GS14@EN) in relation to that liability or obligation; or > > > > > > > (b) a guarantee is given under the [Tasmanian Public Finance Corporation Act 1985](/view/html/inforce/2026-04-12/act-1985-059) in respect of the Company or subsidiary.

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