Commonwealth Numbered Acts

INCOME TAX (INTERNATIONAL AGREEMENTS) AMENDMENT ACT 1984 No. 125 of 1984 - SECT 5

5. After section 11M of the Principal Act the following section is inserted:
Agreement with Malta

"11N. (1) Subject to this Act, on and after the date of entry into force of
the Maltese agreement, the provisions of the agreement, so far as those
provisions affect Australian tax, have the force of law -

   (a)  in relation to withholding tax - in respect of dividends or interest
derived on or after 1 January in the calendar year next following that
in which the agreement enters into force 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 commencing on or after 1 July in the calendar year
next following that in which the agreement enters into force and in
relation to which the agreement remains effective.

"(2) As soon as practicable after the entry into force of the Maltese
agreement in accordance with Article 27 of the agreement, the Treasurer shall
cause to be published in the Gazette a notice specifying the date on which the
agreement entered into force.

"(3) As soon as practicable after an exchange of letters for the purpose of
the making of an agreement under paragraph (2) of Article 14 of the Maltese
agreement to vary the amount specified in sub-paragraph (1) (c) of that
Article, the Treasurer shall cause to be published in the Gazette a notice
specifying particulars of the variation so agreed.

"(4) As soon as practicable after an exchange of letters for the purpose of
the making of an agreement under sub-paragraph (3) (a) of Article 23 of the
Maltese agreement that provisions are of a substantially similar character to
the provisions of the Aids to Industries Ordinance 1959 referred to in that
sub-paragraph, the Treasurer shall cause to be published in the Gazette a
notice specifying particulars of the first-mentioned provisions.

"(5) As soon as practicable after an exchange of letters for the purpose of
the making of an agreement under paragraph (4) of Article 23 of the Maltese
agreement fixing a date, the Treasurer shall cause to be published in the
Gazette a notice specifying the date so fixed.".