International Tax Agreements Act 1953
Subject to subsection (2) , the Assessment Act is incorporated and shall be read as one with this Act.
Note:
An effect of this provision is that people who acquire information under this Act are subject to the confidentiality obligations and exceptions in Division 355 in Schedule 1 to the Taxation Administration Act 1953 .
The provisions of this Act have effect notwithstanding anything inconsistent with those provisions contained in the Assessment Act (other than Part IVA of the Income Tax Assessment Act 1936 ) or in an Act imposing Australian tax.
[ CCH Note: S 4(2) will be amended by No 8 of 2022, s 3 and Sch 5 item 5, by substituting " the provisions covered by subsection (3) " . for " Part IVA of the Income Tax Assessment Act 1936 " , effective 1 July 2022.]
[ CCH Note: S 4(3) will be inserted by No 8 of 2022, s 3 and Sch 5 item 6, effective 1 July 2022. S 4(3) will read:
]
4(3)
This subsection covers the following provisions:
(a) Part IVA of the Income Tax Assessment Act 1936 ;
(b) Subdivision 195-C (Corporate collective investment vehicles) of the Income Tax Assessment Act 1997 .
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