House of Representatives
Minerals Resource Rent Tax Bill 2011
Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011
Minerals Resource Rent Tax (Imposition - Customs) Bill 2011
Minerals Resource Rent Tax (Imposition - Excise) Bill 2011
Minerals Resource Rent Tax (Imposition - General) Bill 2011
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 combined explanatory memorandum.
| Abbreviation | Definition |
| AFTS Review | Australia's Future Tax System Review |
| APA | Advance Pricing Agreement |
| ASX | Australian Securities Exchange |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| CPI | consumer price index |
| 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 |
| LTBR | long term bond rate |
| LTBR + 7 per cent | long term bond rate plus 7 per cent |
| MRRT | Minerals Resource Rent Tax |
| MRRT (CA & TP) Bill | Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011 |
| MRRT Bill | Minerals Resource Rent Tax Bill 2011 |
| MRRT customs imposition Bill | Minerals Resource Rent Tax (Imposition Customs) Bill 2011 |
| MRRT excise imposition Bill | Minerals Resource Rent Tax (Imposition Excise) Bill 2011 |
| MRRT general imposition Bill | Minerals Resource Rent Tax (Imposition General) Bill 2011 |
| OECD | Organisation for Economic Co-operation and Development |
| OECD Guidelines | OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations |
| PAYG | pay as you go |
| PRRT | Petroleum Resource Rent Tax |
| TAA 1953 | Taxation Administration Act 1953 |