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  • Abbreviations

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Code

    Full name

    A$

    Australian dollars

    ABN

    Australian Business Number

    ABR

    Australian Business Register

    ACN

    Australian company number

    ACT

    Australian Capital Territory

    ADI

    Authorised Deposit-taking Institution

    AGAAP

    Australian Generally Accepted Accounting Principles

    ANZSIC

    Australian and New Zealand Standard Industrial Classification

    CFC

    controlled foreign company

    CGT

    capital gains tax

    Commissioner

    Commissioner of Taxation

    DGR

    deductible gift recipient

    DTA

    double tax agreement

    DVS

    direct value shifting

    EFT

    electronic funds transfer

    ELS

    electronic lodgment service

    EPA

    environmental protection activities

    FaHCSIA

    Department of Families, Housing, Community Services and Indigenous Affairs

    FBT

    fringe benefits tax

    FDT

    franking deficit tax

    FMIS

    forestry managed investment scheme

    forex

    foreign exchange

    FTDT

    family trust distribution tax

    GDP

    gross domestic product

    GST

    goods and services tax

    GVSR

    general value shifting regime

    IRUs

    indefeasible rights to use telecommunications cable systems

    ITAA

    Income Tax Assessment Act

    IVS

    indirect value shifting

    LIC

    listed investment company

    MEC

    multiple entry consolidated

    NRAS

    National rental affordability scheme

    OB

    offshore banking

    OBU

    offshore banking unit

    OFT

    over-franking tax

    PAYG

    pay as you go

    PDF

    pooled development fund

    PE

    permanent establishment

    PHC

    provisional head company

    PSI

    personal services income

    PST

    pooled superannuation trust

    R&D

    research and development

    RBA

    running balance account

    RSA

    retirement savings account

    SME

    small and medium enterprises

    STS

    simplified tax system

    TBNT

    trustee beneficiary non-disclosure tax

    TFN

    tax file number

    TOFA

    taxation of financial arrangements

    UCA

    uniform capital allowances

    Last modified: 02 Oct 2019QC 48080