Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 24AT

    In this Division:

"excluded STB" means an STB that:

  (a)   at a particular time, is prescribed as an excluded STB in relation to that time; or

  (b)   is a municipal corporation or other local governing body (within the meaning of section   50 - 25 of the Income Tax Assessment Act 1997 ); or

  (c)   is a public educational institution to which any of paragraphs 50 - 55(1)(a) to (c) of the Income Tax Assessment Act 1997 applies; or

  (d)   is a public hospital to which any of paragraphs 50 - 55(1)(a) to (c) of the Income Tax Assessment Act 1997 applies; or

  (e)   is a superannuation fund.

"government entity" means:

  (a)   a State; or

  (b)   a Territory; or

  (ba)   a municipal corporation or other local governing body (within the meaning of section   50 - 25 of the Income Tax Assessment Act 1997 ); or

Note:   The effect of this paragraph is that some bodies owned or controlled by a municipal corporation or other local governing body may be an STB even though the municipal corporation or other local governing body is an excluded STB.

  (c)   another STB that is not an excluded STB.

"Territory" means the Northern Territory or the Australian Capital Territory.