Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 880 - Sovereign entities and activities  

Subdivision 880-B - Basic tax treatment of sovereign entities  

Operative provisions

SECTION 880-55  

880-55   Sovereign entity liable to pay tax  

A *sovereign entity is liable to pay *tax.

Note:

The actual amount of tax payable may be nil.