Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1986No. 46, 1986 - SECT 29

29. (1) After section 11P of the Principal Act the following section is
inserted: Airline profits agreement with the People's Republic of China

"11Q. (1) Subject to this Act, on and after the date of entry into force of
the Chinese airline profits agreement, the provisions of the agreement, so far
as those provisions affect Australian tax, have, and shall be deemed to have
had, the force of law in relation to tax in respect of income derived on or
after 1 July 1984 and in relation to which the agreement remains effective.

"(2) As soon as practicable after the entry into force of the Chinese airline
profits agreement in accordance with Article 4 of the agreement, the Treasurer
shall cause to be published in the Gazette a notice specifying the date on
which the agreement entered into force.".

(2) The Commissioner may amend an assessment made before the date of entry
into force of the Chinese airline profits agreement for the purpose of giving
effect to sub-section 11Q (1) of the Principal Act as amended by this Act.