House of Representatives
International Tax Agreements Amendment Bill 2016
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| Agreements Act 1953 | International Tax Agreements Act 1953 |
| BEPS Project | Base Erosion and Profit Shifting Project |
| CGT | capital gains tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GATS | General Agreement on Trade in Services |
| German 1972 agreement | Agreement between the Commonwealth of Australia and the Federal Republic of Germany for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital and to Certain Other Taxes and Protocol, signed at Melbourne on 24 November 1972 |
| German agreement | Agreement between Australia and the Federal Republic of Germany for the Elimination of Double Taxation with respect to Taxes on Income and on Capital and the Prevention of Fiscal Evasion and Avoidance and Protocol, signed at Berlin on 12 November 2015 |
| Germany | The Federal Republic of Germany |
| 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 |
| TAA 1953 | Taxation Administration Act 1953 |
| United Kingdom convention | Convention between the Government of Australia and the Government of the United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital Gains, signed at Canberra on 21 August 2003 |