Commonwealth Numbered Acts

CLEAN ENERGY FINANCE CORPORATION ACT 2012 (NO. 104, 2012) - SECT 57

             (1)  To avoid doubt, for the purposes of section 50- 25 of the Income Tax Assessment Act 1997 , the Corporation is taken to be a public authority constituted under an Australian law.

Note:          This means that the Corporation is exempt from income tax.

             (2)  To avoid doubt, the Corporation is not subject to taxation under a law of a State or Territory, if the Commonwealth is not subject to the taxation.