House of Representatives

New International Tax Arrangements Bill 2003

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ADF approved deposit fund
A Tax System Redesigned Review of Business Taxation: A Tax System Redesigned
ATO Australian Taxation Office
CFC controlled foreign company
CGT capital gains tax
Commissioner Commissioner of Taxation
FIF foreign investment fund
ITAA 1936 Income Tax Assessment Act 1936
IWT interest withholding tax
PST pooled superannuation trust

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