Commonwealth Consolidated Acts

INTERNATIONAL TAX AGREEMENTS ACT 1953 - SECT 6B

          (1A)  Subject to this Act, on and after the date of entry into force of the New Zealand agreement, the provisions of the agreement, so far as those provisions affect Australian tax, have the force of law according to their tenor.

             (1)  Subject to this Act, the provisions of the 1972 New Zealand agreement, so far as those provisions affect Australian tax, continue to have the force of law:

                     (a)  in relation to withholding tax--in respect of dividends or interest derived on or after 1 July 1972, and in relation to which the agreement remains effective; and

                     (b)  in relation to tax other than withholding tax--in respect of income of the year of income that commenced on 1 July 1972, or of a subsequent year of income in relation to which the agreement remains effective.

             (2)  Subject to this Act, the provisions of subparagraph (b) of paragraph (3) of Article 18 of the 1972 New Zealand agreement continue to have the force of law for the purposes of paragraph 23(q) of the Assessment Act in relation to income of the year of income that ended on 30 June 1972, and of the 13 years of income immediately preceding that year of income.

             (3)  The provisions of the 1960 New Zealand agreement, so far as those provisions affect Australian tax, continue to have the force of law in relation to tax in respect of income in relation to which the agreement remains effective.