Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 137

  (1)   ASIC is not subject to taxation under the laws of the Commonwealth or of a State or Territory.

  (2)   The regulations may provide that subsection   (1) does not apply in relation to a specified law.

Note:   Despite subsection   (1), ASIC may be subject to taxation under certain laws. See, for example, section   177 - 5 of the A New Tax System (Goods and Services Tax) Act 1999 .