Explanatory Memorandum
(Circulated by authority of the Minister for Revenue and Financial Services, Minister for Women and Minister Assisting the Prime Minister for the Public Service, the Hon Kelly O'Dwyer MP)Chapter 7 - Statement of Compatibility with Human Rights
Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011
Treasury Laws Amendment (OECD Multilateral Instrument) Bill 2018
7.1 This Bill is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.
Overview
7.2 This Bill contains amendments to the Tax Agreements Act to give force of law in Australia to the Multilateral Convention.
7.3 The Multilateral Convention is a multilateral tax treaty that will enable jurisdictions to quickly modify their bilateral tax agreements to give effect to internationally agreed tax integrity rules and improve dispute resolution mechanisms.
Human rights implications
7.4 This Bill does not engage any of the applicable rights or freedoms.
Conclusion
7.5 This Bill is compatible with human rights as it does not raise any human rights issues.
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