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