Australia - Changes Affecting Financial Institutions and Managed Investment Trusts under the New Australia–New Zealand Tax Treaty
- A. Joseph
- Derivatives & Financial Instruments, 2010 (Volume 12), No 3
- 27 May 2010
Australia and New Zealand have entered into a new income tax treaty which came into effect in March 2010. Among the changes brought about under this new treaty, is a substantial decrease in the withholding tax rates on certain interest, dividend and royalty payments. This article considers the impact of the new treaty on financial institutions.