GENERAL AGREEMENT GATS/EL/6
15April 1994
ONTRADE INSERVICES (94-1096)
AUSTRALIA
Final ListofArticle II(MFN) Exemptions
(This isauthentic inEnglish only)
____________________AUSTRALIA -FINAL LIST OFARTICLE II(MFN) EXEMPTIONS
Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
Audiovisual Services Under theAustralian
Government Co-production
programme, Australia maintains
preferential co-production
arrangements forfilmand
television productions. Official
co-production status, which may
begranted toaco-production
produced under these
co-production arrangements,
confers national treatment on
works covered bythese
arrangements, including in
respect ofaccess tofinance and
taxconcessions andsimplified
requirements forthetemporary
entry ofskilled personnel into
Australia forthepurposes ofthe
co-production.Italy, UK,Canada andFrance
andanyother country where
cultural co-operation might be
desirable andwhich isprepared
toexchange preferential
treatment ontheterms and
conditions specified inthe
Australian co-production
programmeIndefinite Topromote collaborative efforts
between Australian andforeign
filmproducers andgeneral
cultural links
GATS/EL/6
Page 1AUSTRALIA (continued)GATS/EL/6
Page 2
Sector orsubsector Description ofmeasure
indicating itsinconsistency
with Article IICountries towhich the
measure appliesIntended duration Conditions creating theneed
fortheexemption
Financial Services
(securities)Members offoreign stock
exchanges whowish tobecome
members oftheAustralian Stock
Exchange areonlyabletodoso
iftheforeign stock exchange
provides access toAustralian
Stock Exchange members on
terms andconditions which are
reasonable andnotmore onerous
thanthose applying toapplicants
formembership ofthe
Australian Stock ExchangeAllcountries Indefinite Topromote non-discriminatory
liberalization ofaccess tostock
exchange membership. A
number ofGATS Members
regard their stock exchanges as
fully independent ofgovernment
and,therefore, outside thescope
ofArticle I:3.
Audiovisual Services Measures taken torespond to
anyunreasonable measures
imposed onAustralian services
orservice suppliers byanother
MemberMembers maintaining MFN
exemptions which provide for
unreasonable unilateral actionsThisexemption willonlybe
activated intheevent ofany
other Member maintaining
exemptions which provide for
unreasonable unilateral actionToprotect Australia from any
unreasonable unilateral actions
from other Members