Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 24AO

    A body is an STB if:

  (a)   it is a company limited solely by shares; and

  (b)   all the shares in it are beneficially owned by one or more government entities.

Note:   For the definition of government entity see section   24AT. Note that an excluded STB is not a government entity.