House of Representatives

International Tax Agreements Amendment Bill (No. 2) 2002

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

Chapter 4 Minor technical amendments

Minor technical amendments

4.1 Schedule 3 to this bill makes a number of technical corrections to the Agreements Act.

4.2 The first amendment alters the current definition of the 'Greek agreement' in the Agreements Act. Under the drafting convention in force when the Greek airline profits agreement was implemented, this agreement was described as the 'Greek agreement' because no comprehensive DTA with Greece existed. However the definition will be amended to read the 'Greek airline profits agreement' to avoid giving the impression that the agreement is a comprehensive DTA. This change will make the description consistent with other airline profits agreements enacted in that legislation.

4.3 The second amendment corrects a typographical error in the Romanian Agreement.

4.4 The third amendment corrects a typographical error in the Vietnam Agreement.


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).