Commonwealth Consolidated Acts

FUTURE FUND ACT 2006 - SECT 84A

Income tax

  (1)   To avoid doubt, for the purposes of section   50 - 25 of the Income Tax Assessment Act 1997 , the Board is taken to be a public authority constituted under an Australian law.

Note:   This means that the Board is exempt from income tax.

State/Territory taxes

  (2)   To avoid doubt, the Board is not subject to taxation under a law of a State or Territory, if the Commonwealth is not subject to the taxation.