Clause 64
Repeal and re-enactment of section 105B
of Income Tax (Amendment) Bill
BillNot in forceProvision 64 of 72
Clause 64
Section 105B of the principal Act is repealed and the following section substituted therefor:“Purpose of this Part105B. The purpose of this Part is to facilitate the disclosure of information to a competent authority —
(a)
under an avoidance of double taxation arrangement prescribed under section 105C in accordance with the EOI provision in that arrangement; or
(b)
under and in accordance with an EOI arrangement prescribed under section 105C.”.