(1)  Unless this or any other Act expressly provides otherwise, the Corporation or a subsidiary of the Corporation –

(a) is not, and does not represent, the Crown; and

(b) is not exempt from any rates, tax, duty or other impost under any law merely because the Crown has beneficial ownership of shares in it.

(2)  The Crown is not liable for any liability or obligation of the Corporation or subsidiary of the Corporation unless the Treasurer gives a guarantee or indemnity under section 16 in relation to that liability or obligation.