In media release No 2010/156, issued 15 July 2010, the Assistant Treasurer, Senator Nick Sherry announced that Australia and India will shortly commence discussions to update their existing tax treaty.
"The existing treaty was signed in 1991 and these latest discussions will provide an opportunity to make any necessary updates to accommodate modern business practice and current international treaty policy," Senator Sherry said.
"I am inviting interested parties to provide comments on how the 1991 Australia-India treaty might be enhanced to better reflect the needs of individuals and businesses. Written submissions are sought by 13 August 2010," Senator Sherry said.
For information about making a submission, go here