AUSTRALIAN TAX TREATIES
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) has modified the application of this tax treaty. A synthesised text of the MLI and this tax treaty is available to facilitate the understanding of how the MLI modifies this tax treaty.
With reference to subparagraph (a) of paragraph 3 of Article 11 (Interest) of the Convention:
It is understood that the term " any other body exercising governmental function " shall be determined according to the law of the Contracting State in which the interest arises.