Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| Commissioner | Commissioner of Taxation |
| GDP | gross domestic product |
| IT(TP) Act | Income Tax (Transitional Provisions) Act 199 7 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| PAYG | pay as you go |
| RESC | reportable employer superannuation contributions |
| TAA 1953 | Taxation Administration Act 1953 |
| TPD | total and permanent disability |