The governments of Australia and the United States of America have signed an agreement: the Agreement between the Government of Australia and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA.
The agreement was signed in Canberra on 28 April 2014.
The agreement, together with relevant enabling legislation, will establish a framework to assist Australian financial institutions in reporting certain financial account information required by the United States’ Foreign Account Tax Compliance Act (FATCA).
The signature of the agreement was announced by the Treasurer on 28 April 2014 on his website.
Greg WoodManagerTax Treaties UnitTax System DivisionThe Treasury, Langton Crescent, Parkes ACT 2600
Phone: (02) 6263 3329