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 paragraph 1 of Article 25 (Elimination of Double Taxation) of the Convention:
For the purposes of the paragraph, the income tax and the petroleum resource rent tax referred to in subparagraph (b) of paragraph 1 of Article 2 of the Convention shall be treated as a unified tax on income.