Business

• Australia and Portugal signed a new tax treaty.
• A tax treaty with Portugal will reduce withholding tax rates on dividends, interest and royalties.

• Australia and Iceland signed a new tax treaty.
• The tax treaty will reduce withholding tax rates.

Australia and Israel signed a new tax treaty.33

The government issued its response to the final review report.

The review will:

• consider how the regulatory framework could better enable the provision of high quality, accessible and affordable financial advice for retail clients
• include examination of the legislative framework, whether consent arrangements are working effectively, actions undertaken by ASIC and the role of financial services entities and professional associations.