Senate
Tax Laws Amendment (2007 Measures No. 5) Bill 2007
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello MP)This memorandum takes account of amendments made by the House of Representatives and to the Bill as introduced.
Glossary
1.1 The following abbreviations and acronyms are used throughout this revised explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| AAT | Administrative Appeals Tribunal |
| ABN | Australian Business Number |
| ADI | authorised deposit-taking institution |
| APRA | Australian Prudential Regulation Authority |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| DGR | deductible gift recipient |
| IR & D Act | Industry Research and Development Act 1986 |
| IR & D Board | Industry Research and Development Board |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MEC group | multiple entry consolidated group |
| PDF Act | Pooled Development Funds Act 1992 |
| R & D | research and development |
| TAA 1953 | Taxation Administration Act 1953 |
| US | United States of America |
| VC Act | Venture Capital Act 2002 |
| VCR Board | Venture Capital Registration Board |