House of Representatives

Treasury Laws Amendment (OECD Multilateral Instrument) Bill 2018

Explanatory Memorandum

(Circulated by authority of the Minister for Revenue and Financial Services, Minister for Women and Minister Assisting the Prime Minister for the Public Service, the Hon Kelly O'Dwyer MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ATO Australian Taxation Office
BEPS Base erosion and profit shifting
Bill Treasury Laws Amendment (OECD Multilateral Instrument) Bill 2018
FBT Assessment Act Fringe Benefits Tax Assessment Act 1986
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, done at Berlin on 12 November 2015
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
Japanese convention Convention between Australia and Japan for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, Protocol and Exchange of Notes, done at Tokyo on 31 January 2008
New Zealand convention Convention between Australia and New Zealand for the Avoidance of Double Taxation with respect to Taxes on Income and Fringe Benefits and the Prevention of Fiscal Evasion, done at Paris on 26 June 2009
OECD Organisation for Economic Cooperation and Development
OECD Model Organisation for Economic Cooperation and Development Model Tax Convention on Income and on Capital
TAA 1953 Taxation Administration Act 1953
Tax Agreements Act International Tax Agreements Act 1953