2E+W+SSubject to section 38 of this Act, SEPA shall not—
(a)be regarded as a servant or agent of the Crown;
(b)have any status, immunity or privilege of the Crown;
(c)by virtue of its connection with the Crown, be exempt from any tax, duty, rate, levy or other charge whatsoever whether general or local,
and its property shall not be regarded as property of, or held on behalf of, the Crown.