The New Australia-UK Tax Treaty

The Australia-UK taxation treaty dating from 1967, and now succeeded by the 2003 convention, was one of the UK’s older extant conventions and Australia’s oldest. It had been badly in need of updating for some time. It is particularly interesting to discern what features of the 2003 treaty have been influenced by the opportunity which both countries have had to focus on their treaty policy as a result of recent negotiations with the US – the UK in terms of its new treaty with the US and Australia in its recent Protocol which was the first outcome in the development of its new treaty policy.