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In a media release issued on 13 March 2009, the Assistant Treasurer, Chris Bowen, said that Australia welcomes reports that Hong Kong, Liechtenstein and Singapore have agreed to adopt OECD standards of transparency and effective exchange of information for tax purposes. Australia looks forward to implementing effective exchange of information arrangements with each of those countries at the earliest opportunity.

For a copy of Mr Bowen's media release, No 2009/016, 13 March 2009, go here.

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