Commonwealth Consolidated Acts

INTERNATIONAL TAX AGREEMENTS ACT 1953 - SECT 11F

  (1)   Subject to this Act, on and after the date of entry into force of the Malaysian agreement, the provisions of the agreement, so far as those provisions affect Australian tax, have, and shall be deemed to have had, the force of law:

  (a)   in relation to withholding tax--in respect of dividends or interest derived on or after 1   July 1979 and in relation to which the agreement remains effective; and

  (b)   in relation to tax other than withholding tax--in respect of income of any year of income that commenced on or after 1   July 1979 and in relation to which the agreement remains effective.

  (2)   The Malaysian agreement, as amended by:

  (a)   the Malaysian protocol (No.   1); and

  (b)   the Malaysian protocol (No.   2); and

  (c)   the Malaysian protocol (No.   3);

does not subject to Australian tax any interest, or royalties, paid by a resident of Australia to a resident of Malaysia that, apart from that agreement, would not be subject to Australian tax.