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 24AK
24AK
KEY PRINCIPLE
A body that is a State/Territory body (an STB ) is exempt from income tax under this Division unless it is an excluded STB. There are 5 different ways in which a body can be an STB.
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