Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of the Income Tax Assessment Act 1997 , the Board is taken to be an exempt institution that is eligible for a refund.
Note: See Division 207 of the Income Tax Assessment Act 1997 (franked distributions).
(2) Subsection (1) has effect despite subsection 207 - 115(1) of the Income Tax Assessment Act 1997.
(3) For the purposes of the Income Tax Assessment Act 1997 , the
Board's entitlement to a tax offset is to be determined as if any
financial assets held by the Board were held by the Board in its own right.