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Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 1AB - Certain State/Territory bodies exempt from income tax  

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Subdivision A - Exemption for certain State/Territory bodies  

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SECTION 24AK  

24AK   KEY PRINCIPLE  

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A body that is a State/Territory body (an STB ) is exempt from income tax under this Division unless it is an excluded STB. There are 5 different ways in which a body can be an STB.

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