DT2723 - DT: Australia: old agreement, Article 24: Termination

This Agreement applies up to 5th April 2004 for UK income and capital gains tax, up to 31st March 2004 for UK Corporation tax and up to 30th June for Australian taxes and UK withholding taxes. For later periods the new Agreement applies. This can be accessed via the page Tax Treaties – in force http://www.hmrc.gov.uk/international/in_force.htm.

(24) This Agreement shall continue in effect indefinitely but either of the Contracting Governments may, on or before the thirtieth day of June in any calendar year after the year 1973, give notice of termination to the other Contracting Government and, in such event, this Agreement shall cease to be effective-

(a) in the United Kingdom -
(i) in respect of income tax (including surtax) and capital gains tax for any year of assessment beginning on or after 6 April, in the calendar year next following that in which the notice is given;
(ii) in respect of corporation tax for any financial year beginning on or after 1 April, in the calendar year next following that in which the notice is given;

(b) in Australia -
(i) in respect of withholding tax on income that is derived by a non-resident, in respect of income derived on or after the commencement of the financial year beginning on 1 July, in the calendar year next following, that in which the notice is given;
(ii) in respect of other Australian tax, for any year of income beginning on or after 1 July, in the calendar year next following that in which the notice is given.