10D   Taxation of land owned by certain statutory corporations

(1)  In this section prescribed authority means:

(a)  (Repealed)

(b)  a corporation constituted under section 4 or 23A of the Growth Centres (Development Corporations) Act 1974, or

(c)  the New South Wales Planning and Environment Commission in respect of the development of the Sydney South West Sector.

(2)  Nothing in this Act operates to exempt from taxation under this Act any land owned by a prescribed authority that is:

(a)  occupied by the authority as offices from which to exercise and perform its powers, authorities, duties and functions unless the land is solely so occupied, or

(b)  land leased by the authority for commercial or industrial purposes.