Commonwealth Consolidated Acts

REGIONAL INVESTMENT CORPORATION ACT 2018 - SECT 48

  (1)   F or 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 the Corporation is exempt from income tax.

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