Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) To avoid doubt, for the purposes of section 50 - 25 of the Income Tax Assessment Act 1997 , the Board is taken to be a public authority constituted under an Australian law.
Note: This means that the Board is exempt from income tax.
(2) To avoid doubt, the Board is not subject to taxation under a
law of a State or Territory, if the Commonwealth is not subject to the
taxation.