Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An R&D Corporation is subject to taxation (other than income tax) under the laws of the Commonwealth.
(2) Subject to subsections (3) and (4), an R&D Corporation is not subject to taxation under a law of a State or Territory.
(3) The regulations may provide that subsection (2) does not apply in relation to:
(a) a specified law of a State or Territory; or
(b) laws in a specified class of laws of a State or Territory.
(4) Stamp duty under the law of a State or a Territory is payable by an R&D Corporation in respect of transactions entered into by, and instruments and documents executed by or on behalf of, the Corporation.