In forceAmending Act
Treasury Laws Amendment (Foreign Investment) Act 2024
Act No. 18 of 2024 · Assented 8 April 2024
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In brief
Makes clear that Australia's international tax agreements do not override Commonwealth, state or territory laws imposing taxes that fall outside the definition of Australian tax, unless those laws expressly say otherwise.
Who's affected
- Foreign investors paying state or territory taxes
- State and territory revenue authorities
- Taxpayers relying on tax treaties
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