House of Representatives

Tax Laws Amendment (2006 Measures No. 1) Bill 2006

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
AASB Australian Accounting Standards Board
ATO Australian Taxation Office
TAA 1953 Taxation Administration Act 1953
CGT capital gains tax
Commissioner Commissioner of Taxation
Federal Court of Australia the Federal Court
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 group multiple entry consolidated group
MMS multimedia messaging service
SIM subscriber identity module
SMS short message service
UCA uniform capital allowances

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