Summary of key outcomes for Australia

• Elimination of all tariffs from entry into force, including on Australian beer and stout
• Comprehensive and transparent 'negative listing' of services commitments
• Restrictions on the number of wholesale banking licenses to be eased over time
• More certain, and enhanced operating environment for financial services suppliers
• Conditions eased on establishment of joint ventures involving Australian law firms
• Number of Australian law degrees recognised in Singapore doubled from 4 to8
• Removal/easing of residency requirements for Australian professionals
• Mutual recognition agreements (MRAs) between architects and engineers under way
• National treatment and market access commitments for Australian education providers
• Singapore government overseas scholarships will be tenable at Australian universities
• The environmental services sector will be largely open to Australian businesses
• Open market access and national treatment for a range of other service sectors
• Transparency of investment restrictions in Singapore's government-linked companies
• Investors protected against expropriation; compensation for expropriation or other loss
• Telecoms regulators must operate in transparent manner and properly explain decisions
• Telecoms service suppliers have right of appeal to an independent authority
• Telecom interconnection provided on non-discriminatory, timely, cost-oriented terms
• Telecoms regulators to adopt or maintain effective sanctions to enforce decisions
• Agreement to facilitate consultation with telecoms industry participants
• Australia firms get national treatment in procurement by 47 Singapore agencies
• Protection of intellectual property supplied in government tender processes
• Short term entry for Australian business people extended from 1 month to 3 months
• Long-term business residents in Singapore granted total stay up to at least 14 years
• Spouses of business people can work as managers, specialists, office administrators
• Commitment to address anti-competitive business practices
• Consultation upon request on anti-competitive practices of particular concern
• Competitive neutrality disciplines to apply to government-owned businesses
• Cooperation on eliminating trade in goods infringing intellectual property rights
• Measures to prevent the export of goods infringing copyright or trade marks
• No customs duties on bilateral electronic transmissions
• Agreement to facilitate paperless trading in order to reduce business transaction costs
• Promotion of confidence in bilateral e-commerce, e.g in electronic signatures
• Cooperation on investigation and prevention of infringements of customs law