House of Representatives
Tax Laws Amendment (Simplified Superannuation) Bill 2006
Superannuation (Excess Concessional Contributions Tax) Bill 2006
Superannuation (Excess Non-concessional Contributions Tax) Bill 2006
Superannuation (Excess Untaxed Roll-over Amounts Tax) Bill 2006
Superannuation (Departing Australia Superannuation Payments Tax) Bill 2006
Superannuation (Self Managed Superannuation Funds) Supervisory Levy Amendment Bill 2006
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 |
|---|---|
| APRA | Australian Prudential Regulation Authority |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| ETP | eligible termination payment |
| FBT | fringe benefits tax |
| GIC | general interest charge |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| PAYG | pay as you go |
| RBL | reasonable benefit limit |
| RSA | retirement savings account |
| SG | superannuation guarantee |
| TAA 1953 | Taxation Administration Act 1953 |
| TFN | tax file number |
| This Bill | Tax Laws Amendment (Simplified Superannuation) Bill 2006 |