Document ID: chunk:federal_register_of_legislation:C2016A00064:clause:1_10
Version: federal_register_of_legislation:C2016A00064
Segment Type: clause
Provision Reference: sch 1 cl 10
Character Range: 4726–5795

10  Subsection 3A(1A)
Repeal the subsection, substitute:
 (1A) For the purposes of this Act, a decision to which this Act applies is made to provide correlative relief for economic double taxation if:
 (a) there is a double tax agreement applying to Australia and one of the following (a treaty partner):
 (i) a foreign country or a constituent part of a foreign country;
 (ii) an overseas territory; and
 (b) the treaty partner taxes profits, or purports to tax profits, in accordance with, or consistent with the principles of:
 (i) if the treaty partner is the United Kingdom—Article 9 of the United Kingdom convention (within the meaning of the International Tax Agreements Act 1953); or
 (ii) otherwise—a corresponding provision of another double tax agreement; and
Note: Article 9 of the United Kingdom convention deals with profits of associated enterprises.
 (c) the decision is made in giving effect to subsection 24(3) of that Act.

[Minister's second reading speech made in—
House of Representatives on 1 September 2016
Senate on 13 October 2016]

(90/16)