7Status of Corporation

7 Status of Corporation

(1)  Unless this or any other Act expressly provides otherwise, the Corporation or any subsidiary of the Corporation –

(a) is not and does not represent the councils or the Crown; and

(b) [Section 7 Subsection (1) amended by No. 23 of 2018, s. 5, Applied:10 Dec 2018] is not exempt from any rate, tax, duty or other impost imposed by or under any law of the State or the Commonwealth merely because a member or the Corporation has beneficial ownership of shares in it.

(2)  The Crown is not liable for any debt, liability or obligation of the Corporation or any subsidiary of the Corporation.

(3)  A council is not liable for any debt, liability or obligation of the Corporation or any subsidiary of the Corporation unless –

(a) that council gives a guarantee or indemnity under section 26 in relation to that debt, liability or obligation; or

(b) the constitution of the Corporation expressly provides otherwise.