This page is for links to analysis of the FATCA IGA. The actual text of the IGA can be found here.
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Let's Fix the Australia/US Tax Treaty!
The Australia/US tax treaty needs urgent revision to prevent double taxation
http://www.international-adviser.com/news/1031112/campaign-calls-fatca-exemption-us-expats
In researching another post, I was reading the Explanatory Memorandum for the FATCA Enabling Legislation.
In the midst of the regulatory impact statement is the following paragraph (with footnote):
It is clear from the footnote that Parliament did not consider the effect of FATCA on those US citizens born in Australia (the children of US citizens legally resident in Australia at the time of their birth). They probably also failed to consider that a reasonable proportion of those born in the US were young children when they moved to Australia and may have no remaining ties to the US.