Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 1AB
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Certain State/Territory bodies exempt from income tax
Subdivision A
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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.
View history note
Hide history noteA 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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