Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 1AB - Certain State/Territory bodies exempt from income tax  

Subdivision A - Exemption for certain State/Territory bodies  

SECTION 24AQ  

24AQ   THIRD WAY IN WHICH A BODY CAN BE AN STB  


A body is an STB if:


(a) it is established by State or Territory legislation; and


(b) it is not a company limited solely by shares; and


(c) the legislation gives the power to appoint or dismiss its governing person or body only to one or more government entities.


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