House of Representatives
Tax Laws Amendment (2004 Measures No. 2) Bill 2004
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| COT | continuity of ownership test |
| CTP | compulsory third party |
| CUT | corporate unit trusts |
| DGR | deductible gift recipient |
| ETP | eligible termination payment |
| FBT | fringe benefits tax |
| FDA | foreign dividend account |
| FIF | foreign investment fund |
| GIC | general interest charge |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MEC | multiple entry consolidated |
| NZ | New Zealand |
| PAYG | pay as you go |
| PSB | personal services business |
| PSI | personal services income |
| PTT | public trading trusts |
| SIS | simplified imputation system |
| TAA 1953 | Taxation Administration Act 1953 |
| UMP | United Medical Protection Limited |