International Tax Agreements Amendment Act (No. 1) 2011 (45 of 2011)

Schedule 1   Existing agreements

Part 1   Amendments

International Tax Agreements Act 1953

28   After subsection 11F(1)

Insert:

(2) The Malaysian agreement, as amended by:

(a) the Malaysian protocol (No. 1); and

(b) the Malaysian protocol (No. 2);

does not subject to Australian tax any interest, or royalties, paid by a resident of Australia to a resident of Malaysia that, apart from that agreement, would not be subject to Australian tax.