(1) The corporation is for all purposes an agent of the government.
(2) The corporation, as an agent of the government, is not liable to taxation, except to the extent that the government is liable and has the same immunities and exemptions in relation to property of the corporation and the use or development of land or in the planning, construction, alteration, servicing, maintenance or use of improvements, as defined in the Assessment Act, as the government has in relation to these matters.