Clause 48
Amendment of section 105K
of Finance (Income Taxes) Bill
BillNot in forceProvision 47 of 72
Clause 48
In the ITA, in section 105K(1) —
(a)
after paragraph (ab), insert —“(ac)a CARF agreement between —
(i)
the Government and —
(A)
the government of another country; or
(B)
the governments of 2 or more countries; or
(ii)
the Minister or the Minister’s authorised representative and —
(A)
the authority of another country that exercises a power or carries out a duty corresponding to a power or duty of the Minister or representative; or
(B)
the authorities of 2 or more countries that exercise powers or carry out duties corresponding to a power or duty of the Minister or representative;”;
(b)
in paragraph (b), replace “or (ab)” with “, (ab) or (ac)”; and
(c)
in paragraph (c), after “(ab)”, insert “, (ac)”.