Bill
International Tax Agreements Amendment Bill 2014
passed, as at 2014-09-24. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2014-07-17
- second reading — 2014-07-17
- second reading — 2014-08-27
- other — 2014-08-27
- second reading — 2014-09-01
- second reading — 2014-09-01
- other — 2014-09-02
- third reading — 2014-09-02
- introduced — 2014-09-04
- second reading — 2014-09-04
- second reading — 2014-09-04
- second reading — 2014-09-04
- third reading — 2014-09-04
- passed — 2014-09-04
- royal assent — 2014-09-24
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2014-07-17.
The bill would update Australia's tax treaty with Switzerland to prevent double taxation and allow information exchange on request.
It would amend the International Tax Agreements Act 1953 to give the new Swiss Convention the force of law in Australia.
The existing agreement with Switzerland entered into force on 13 February 1981.
- The bill would give effect to revised obligations under the Swiss Convention.
- The bill would add the Swiss Convention to the list of agreements in the International Tax Agreements Act 1953.
- The bill would modernise bilateral tax arrangements to eliminate double taxation.
- The bill would enable tax authorities to exchange taxpayer information on request to prevent fiscal evasion.
Taxpayers and tax authorities in Australia and Switzerland are affected.
Sources
em
billhome
frl act