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This is a Bill, not an Act. For current law, see the Acts databases.
INTERNATIONAL TAX AGREEMENTS AMENDMENT BILL 2012
2010-2011-2012
The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
Presented and read a first time
International Tax Agreements
Amendment Bill 2012
No. , 2012
(Treasury)
A Bill for an Act to amend the law relating to
taxation, and for related purposes
i International Tax Agreements Amendment Bill 2012 No. , 2012
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3 Schedule(s)
........................................................................................
1
Schedule 1--Amendments
3
Part 1--New agreements
3
International Tax Agreements Act 1953
3
Part 2--Other amendments
5
International Tax Agreements Act 1953
5
International Tax Agreements Amendment Bill 2012 No. , 2012 1
A Bill for an Act to amend the law relating to
1
taxation, and for related purposes
2
The Parliament of Australia enacts:
3
1 Short title
4
This Act may be cited as the International Tax Agreements
5
Amendment Act 2012.
6
2 Commencement
7
This Act commences on the day this Act receives the Royal
8
Assent.
9
3 Schedule(s)
10
Each Act that is specified in a Schedule to this Act is amended or
11
repealed as set out in the applicable items in the Schedule
12
2 International Tax Agreements Amendment Bill 2012 No. , 2012
concerned, and any other item in a Schedule to this Act has effect
1
according to its terms.
2
3
Amendments Schedule 1
New agreements Part 1
International Tax Agreements Amendment Bill 2012 No. , 2012 3
Schedule 1--Amendments
1
Part 1--New agreements
2
International Tax Agreements Act 1953
3
1 Subsection 3AAA(1)
4
Insert:
5
Indian protocol (No. 1) means the protocol, done at New Delhi on
6
16 December 2011, amending the Indian agreement.
7
Note:
In 2012, the text of this protocol was accessible through the Australian
8
Treaties Library on the AustLII website (www.austlii.edu.au).
9
2 Subsection 3AAA(1)
10
Insert:
11
Marshall Islands agreement means the Agreement between the
12
Government of Australia and the Government of the Republic of
13
the Marshall Islands for the allocation of taxing rights with respect
14
to certain income of individuals and to establish a mutual
15
agreement procedure in respect of transfer pricing adjustments,
16
done at Majuro on 12 May 2010.
17
Note:
In 2012, the text of this agreement was accessible through the
18
Australian Treaties Library on the AustLII website
19
(www.austlii.edu.au).
20
3 Subsection 3AAA(1)
21
Insert:
22
Mauritius agreement means the Agreement between the
23
Government of Australia and the Government of the Republic of
24
Mauritius for the allocation of taxing rights with respect to certain
25
income of individuals and to establish a mutual agreement
26
procedure in respect of transfer pricing adjustments, done at Port
27
Louis on 8 December 2010.
28
Note:
In 2012, the text of this agreement was accessible through the
29
Australian Treaties Library on the AustLII website
30
(www.austlii.edu.au).
31
Schedule 1 Amendments
Part 1 New agreements
4 International Tax Agreements Amendment Bill 2012 No. , 2012
4 Subsection 5(1) (after table item dealing with Indian
1
agreement)
2
Insert:
3
Indian protocol (No. 1)
nil
5 Subsection 5(1) (after table item dealing with Malaysian
4
protocol (No. 3))
5
Insert:
6
Marshall Islands agreement
nil
Mauritius agreement
nil
7
Amendments Schedule 1
Other amendments Part 2
International Tax Agreements Amendment Bill 2012 No. , 2012 5
Part 2--Other amendments
1
International Tax Agreements Act 1953
2
6 Subsection 3AAA(1) (note at the end of the definition of
3
Aruban agreement)
4
Repeal the note, substitute:
5
Note:
The text of this agreement is set out in Australian Treaty Series 2011
6
No. 35 ([2011] ATS 35).
7
7 Subsection 3AAA(1) (note at the end of the definition of
8
Guernsey agreement)
9
Repeal the note, substitute:
10
Note:
The text of this agreement is set out in Australian Treaty Series 2011
11
No. 25 ([2011] ATS 25).
12
8 Subsection 3AAA(1) (note at the end of the definition of
13
Jersey agreement)
14
Repeal the note, substitute:
15
Note:
The text of this agreement is set out in Australian Treaty Series 2012
16
No. 6 ([2012] ATS 6).
17
9 Subsection 3AAA(1) (note at the end of the definition of
18
Malaysian protocol (No. 3))
19
Repeal the note, substitute:
20
Note:
The text of this protocol is set out in Australian Treaty Series 2011
21
No. 27 ([2011] ATS 27).
22