What Are Intergovernmental Agreements

4.4 Unless the timetables are otherwise, existing intergovernmental rules will be the main mechanisms for cooperative implementation of the provisions of the agreement. For more information on other intergovernmental agreements, see below. The Northern Australia Indigenous Development Agreement (the agreement) is an intergovernmental agreement to promote indigenous economic development as an important part of the Northern Development Agenda. The Agreement recognizes that Aboriginal participation in the economy is essential to fully achieving the development of Northern Australia and provides a framework for cooperation and an individual framework for cooperation between governments to promote aboriginal economic development in northern Australia. 6. The Commonwealth and States agree to cooperate in the conservation, protection and management of native species and habitats belonging to more than one jurisdiction. In addition to participating in such cooperative activities, the Commonwealth and States can take whatever measures they deem appropriate in their respective legal systems to protect all native species and habitats that they consider to require specific measures. Detailed commitments of the Council of Australian Governments (COAG) can be recorded in intergovernmental agreements or declarations of cooperation. States have an interest in developing Australia`s position on the international agreements of environmental importance (bilateral or multilateral) envisaged, which may affect the exercise of their powers. 4.2 This agreement does not affect any existing intergovernmental agreement between the Commonwealth and a state or state or state, or between states, unless amendments or amendments to these agreements are proposed in accordance with a review procedure and/or review process arising from this agreement.

The development of intergovernmental agreements (IGAs) on the implementation of tax reporting and retention procedures and FATCA-related sources continues. The U.S. Treasury has issued standard agreements for the implementation of FATCA. These agreements will form the basis of negotiations between the United States and FATCA partner countries. They will continue to be updated as more IGAs are announced. In addition to the countries that have signed IGAs, the U.S. Treasury will treat an IGA as “in force” with a partner jurisdiction if the United States has reached an agreement on the merits.

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