- 1.
- For the purposes of this Agreement, unless otherwise defined:
-
- a)the term “Party” means the Netherlands or Jersey as the context requires;
- b)the term “the Netherlands” means the part of the Kingdom of the Netherlands that is situated in Europe, including its territorial sea, and any area beyond the territorial sea within which the Netherlands, in accordance with international law, exercises jurisdiction or sovereign rights;
- c)the term Jersey means the Bailiwick of Jersey including its territorial sea;
- d)the term “competent authority” means
- (i)in the case of the Netherlands the Minister of Finance or his authorized representative;
- (ii)in the case of Jersey, the Treasury and Resources Minister or his authorised representative;
- 2.
- As regards the application of this Agreement at any time by a Party, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the law of that Party, any meaning under the applicable tax laws of that Party prevailing over a meaning given to the term under other laws of that Party.
