Document ID: chunk:federal_register_of_legislation:C2025C00027:section:46
Version: federal_register_of_legislation:C2025C00027
Segment Type: section
Provision Reference: s 46
Character Range: 43207–43871

46  Liability to taxation
 (1) An R&D Corporation is subject to taxation (other than income tax) under the laws of the Commonwealth.
 (2) Subject to subsections (3) and (4), an R&D Corporation is not subject to taxation under a law of a State or Territory.
 (3) The regulations may provide that subsection (2) does not apply in relation to:
 (a) a specified law of a State or Territory; or
 (b) laws in a specified class of laws of a State or Territory.
 (4) Stamp duty under the law of a State or a Territory is payable by an R&D Corporation in respect of transactions entered into by, and instruments and documents executed by or on behalf of, the Corporation.