INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 50 - Exempt entities  

Subdivision 50-A - Various exempt entities  

SECTION 50-25   Government  



Government
Item Exempt entity Special conditions
5.1 (a)   a municipal corporation; or none
(b)   a *local governing body
.
5.2 a public authority constituted under an *Australian law none
.
5.3 a *constitutionally protected fund none

Note:

The ordinary and statutory income of a State or Territory body is exempt: see Division 1AB of Part III of the Income Tax Assessment Act 1936 .


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