CTHIn ForceAct
Regional Investment Corporation Act 2018
48Exemption from taxation
Start here
Get a plain-English read of 48
Turn the raw legal text into a practical explanation grounded in Regional Investment Corporation Act 2018.
#### 48 Exemption from taxation
(1) 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 the Corporation is exempt from income tax.
(2) The Corporation is not subject to taxation under a law of a State or Territory, if the Commonwealth is not subject to the taxation.