Taxation Laws Amendment Act (No. 2) 1995 (169 of 1995)

Schedule 1   AMENDMENTS RELATING TO STATE/TERRITORY BODIES

Part 1   STATE/TERRITORY BODIES

Division 1   Income Tax Assessment Act 1936

Subdivision B   Consequential amendments

5   Section 51AD

Add at the end:

"(21) For the purposes of determining if this section applies to

property, the income of a prescribed excluded STB (within the meaning

of Division 1AB) is taken to be exempt.".