Australia has signed tax information exchange agreements with Montserrat and Mauritius, bringing the number of such accords signed by Australia to 27.

“Securing these latest agreements further expands Australia’s TIEA network, boosting transparency in both the domestic and global financial systems and helping prevent offshore tax avoidance and evasion,” said Bill Shorten, assistant treasurer for the Australian government.

Each of the agreements will enter into force when the countries' relevant domestic ratification requirements have been completed.