In force2024 Revised EditionCurrent version · 2024 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Income Tax Act · 2024 Revised Edition · Part · Offences and Penalties
Income Tax Act · 2024 Revised Edition · Part · Offences and Penalties
Official textFrom Attorney General's Chambers, unchanged
In this Part —
“competent authority agreement” means a bilateral or multilateral agreement to improve international tax compliance based on the standard for automatic exchange of financial account information in tax matters developed by the Organisation for Economic
competent authority
“competent authority”, in relation to an arrangement, means a person or an authority whom the Collector is satisfied is Income Tax authorised under that arrangement to make a request to the Collector for information under that provision;
Co-operation and Development;
“international tax compliance agreement” means an agreement or arrangement that is declared by the Minister, by an order under section 86K, as an international tax compliance agreement.
arrangement
“arrangement” means an avoidance of double taxation convention or tax information exchange agreement having effect under section 41;
competent authority
“competent authority”, in relation to an arrangement, means a person or an authority whom the Collector is satisfied is Income Tax authorised under that arrangement to make a request to the Collector for information under that provision;