House of Representatives
International Tax Agreements Amendment Bill 2014
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon J. B. Hockey MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| Agreements Act 1953 | International Tax Agreements Act 1953 |
| CGT | capital gains tax |
| Existing Swiss Agreement | Agreement between Australia and Switzerland for the Avoidance of Double Taxation with Respect to Taxes on Income and Protocol, signed at Canberra on 28 February 1980 |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GATS | General Agreement on Trade in Services |
| GST | goods and services tax |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| OECD | Organisation for Economic Cooperation and Development |
| OECD Model | Organisation for Economic Cooperation and Development Model Tax Convention on Income and on Capital |
| PE | permanent establishment |
| Swiss Convention | Convention between Australia and the Swiss Confederation for the Avoidance of Double Taxation with Respect to Taxes on Income, and Protocol, signed at Sydney on 30 July 2013 |