Commonwealth Numbered Acts

INTERNATIONAL TAX AGREEMENTS AMENDMENT ACT (NO. 1) 2011 (NO. 45, 2011) - SCHEDULE 2

International Tax Agreements Act 1953

1  Subsection 3AAA(1)

Insert:

"Aruban agreement" means the Agreement between the Government of Australia and the Kingdom of the Netherlands, in respect of Aruba, for the allocation of taxing rights with respect to certain income of individuals and to establish a mutual agreement procedure in respect of transfer pricing adjustments , done at Canberra on 16 December 2009.

Note:          In 2011, the text of this agreement was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

2  Subsection 3AAA(1)

Insert:

"Chilean convention" means:

                     (a)  the Convention between Australia and the Republic of Chile for the avoidance of double taxation with respect to taxes on income and fringe benefits and the prevention of fiscal evasion; and

                     (b)  the protocol to that convention;

each done at Santiago on 10 March 2010.

Note:          In 2011, the text of this convention and protocol was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

3  Subsection 3AAA(1)

Insert:

"Cook Islands agreement" means the Agreement between the Government of Australia and the Government of the Cook Islands on the allocation of taxing rights with respect to certain income of individuals and to establish a mutual agreement procedure in respect of transfer pricing adjustments, done at Rarotonga on 27 October 2009.

Note:          In 2011, the text of this agreement was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

4  Subsection 3AAA(1)

Insert:

"Guernsey agreement" means the Agreement between the Government of Australia and the States of Guernsey for the allocation of taxing rights with respect to certain income of individuals and to establish a mutual agreement procedure in respect of transfer pricing adjustments, done at London on 7 October 2009.

Note:          In 2011, the text of this agreement was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

5  Subsection 3AAA(1)

Insert:

Malaysian protocol (No. 3) means the protocol amending the Malaysian agreement (as amended by the Malaysian protocol (No. 1) and the Malaysian protocol (No. 2)), done at Canberra on 24 February 2010.

Note:          In 2011, the text of this protocol was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

6  Subsection 3AAA(1)

Insert:

"Samoan agreement" means the Agreement between the Government of Australia and the Government of Samoa for the allocation of taxing rights with respect to certain income of individuals and to establish a mutual agreement procedure in respect of transfer pricing adjustments, done at Canberra on 16 December 2009.

Note:          In 2011, the text of this agreement was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

7  Subsection 3AAA(1)

Insert:

"Turkish convention" means:

                     (a)  the Convention between the Government of Australia and the Government of the Republic of Turkey for the avoidance of double taxation with respect to taxes on income and the prevention of fiscal evasion; and

                     (b)  the protocol to that convention;

each done at Ankara on 28 April 2010.

Note:          In 2011, the text of this convention and protocol was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

8  Subsection 5(1) (after table item dealing with Argentine agreement)

Insert:

9  Subsection 5(1) (after table item dealing with Canadian protocol (No. 1))

Insert:

10  Subsection 5(1) (after table item dealing with Chinese agreement)

Insert:

11  Subsection 5(1) (after table item dealing with Greek airline profits agreement)

Insert:

12  Subsection 5(1) (after table item dealing with Malaysian protocol (No. 2))

Insert:

13  Subsection 5(1) (after table item dealing with Russian agreement)

Insert:

14  Subsection 5(1) (after table item dealing with Thai agreement)

Insert:

15  At the end of paragraph 11F(2)(b)

Add "and".

16  After paragraph 11F(2)(b)

Insert:

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