Commonwealth Numbered Acts

QANTAS SALE ACT 1992 No. 196, 1992 - SECT 28

28.(1) Subject to subsection (2), neither Qantas nor a Qantas subsidiary is
liable to pay an amount of levy imposed by the
Commonwealth Borrowing Levy Act  1987 on a borrowing (whether before or after
the commencement of this section) by Qantas or the Qantas subsidiary, as the
case may be, from:

   (a)  if the borrowing is not guaranteed by the Commonwealth under an Act
        (including this Act) on the substantial minority sale day-the
        substantial minority sale day; or

   (b)  if the Commonwealth takes over an obligation in connection with a
        borrowing under section 16 or 17-the day the Commonwealth takes over
        the obligation; or

   (c)  in any other case-the day the borrowing ceases to be guaranteed by the
        Commonwealth under an Act (including this Act).

(2) Subsection (1) does not apply in relation to an amount of levy that was
paid or payable before:

   (a)  if paragraph (1)(a) applies-the substantial minority sale day; or

   (b)  if paragraph (1)(b) applies-the day the Commonwealth takes over the
        obligation; or

   (c)  if paragraph (1)(c) applies-the day the borrowing ceases to be
        guaranteed by the Commonwealth.