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Australia signs tax treaty with New Zealand

2 July 2009

The Australian Government has signed a new tax treaty with New Zealand.

The Australian Minister for Trade, Simon Crean, said that Australia and New Zealand continue to strengthen their economic links and move towards an integrated trans-Tasman economy.

“This treaty represents an important further step in those endeavours,” he said.

The new treaty, which replaces the existing 1995 treaty and its 2005 amending protocol, reduces withholding tax rate limits on certain dividends, on certain classes of interest, and on royalty payments.

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