International Tax Agreements Amendment Act (No. 1) 2002 (59 of 2002)
Schedule 2 Protocol to the Convention with the United States
International Tax Agreements Act 1953
4 At the end of section 17A
Add:(5) Section 128B of the Assessment Act (which deals with liability for withholding tax) does not apply to the payment of a royalty as defined in subsection 6(1) of that Act if:
(a) the royalty is paid to a person who is a resident of a Contracting State or territory (other than Australia) for the purposes of an agreement; and
(b) the agreement does not treat the amount paid as a royalty.
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