Taxation Laws Amendment Act (No. 6) 2001 (169 of 2001)
Schedule 2 Local government businesses
Income Tax Assessment Act 1936
2 Section 24AT (after paragraph (b) of the definition of government entity )
Insert:
(ba) a municipal corporation or other local governing body (within the meaning of section 50-25 of the Income Tax Assessment Act 1997); or
Note: The effect of this paragraph is that some bodies owned or controlled by a municipal corporation or other local governing body may be an STB even though the municipal corporation or other local governing body is an excluded STB.
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