FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993

PART 2 - GENERAL PROVISIONS  

SECTION 10  

10   EXEMPTION FROM TAXES ETC.  
If, apart from this section, a transferring corporation or a receiving corporation would be liable to pay a tax or fee under:

(a) a law of the Commonwealth (other than the Income Tax Assessment Act 1936 or the Income Tax Assessment Act 1997 ); or

(b) a law of a State or Territory;

in respect, or as a result, of the transfer of an asset or liability or in respect of the registration of such a transfer, that corporation is exempted from paying the tax or fee.