Document ID: chunk:federal_register_of_legislation:C2004A02224:body:0:p2
Version: federal_register_of_legislation:C2004A02224
Segment Type: other
Provision Reference: 
Character Range: 2570–5116

of the United Kingdom
"5a. (1) Subject to this Act, on and after the date of entry into force of the United Kingdom protocol, the provisions of the protocol, so far as those provisions affect Australian tax, have, and shall be deemed to have had, the force of law.
"(2) As soon as practicable after the entry into force of the United Kingdom protocol in accordance with Article III of the protocol, the Treasurer shall cause to be published in the Gazette a notice specifying the date on which the protocol entered into force, and the date so notified shall, for the purposes, of this Act, be conclusively presumed to be the date of entry into force of the protocol.
"(3) Where an amount of tax credit is to be treated as assessable income of a taxpayer in accordance with paragraph (2) of Article 8 of the United Kingdom agreement—
     (a) the amount of the tax credit shall be included in the assessable income of the taxpayer of the year of income in which the dividend to which the tax credit relates is paid; and
     (b) the amount of the tax credit shall be added to the amount of the dividend to which the tax credit relates and the sum of the two amounts shall be deemed to be one dividend for the purposes of this Act and the Assessment Act.".

5. (1) After section 11c of the Principal Act the following sections are inserted:

Agreement with the Republic of the Philippines
"11d. (1) Subject to this Act, on and after the date of entry into force of the Philippine 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 January in the calendar year 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 in which the agreement enters into force and in relation to which the agreement remains effective.
"(2) As soon as practicable after instruments of ratification have been exchanged in accordance with Article 29 of the Philippine agreement, the Treasurer shall cause to be published in the Gazette a notice specifying the date of the exchange of instruments of ratification and the date so notified shall, for the purposes of this Act, be conclusively presumed to be the date of entry into force of the agreement.

Agreement with the Swiss