House of Representatives
Tax Laws Amendment (2012 Measures No. 2) Bill 2012
Pay As You Go Withholding Non-compliance Tax Bill 2012
Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012
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 |
| ASIC | Australian Securities and Investments Commission |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| Corporations Act | Corporations Act 2001 |
| GIC | general interest charge |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1953 | International Tax Agreement Act 1953 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MIT | Managed investment trust |
| PAYG | Pay As You Go |
| SGA Act 1992 | Superannuation Guarantee (Administration) Act 1992 |
| TAA 1953 | Taxation Administration Act 1953 |
| 2010 amendments | Tax Laws Amendment (2010 Measures No. 1) Act 2010 |
| TOFA | taxation of financial arrangements |
| TOFA Act | Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 |
| TOFA explanatory memorandum | explanatory memorandum to the Tax Laws Amendment (Taxation Of Financial Arrangements) Bill 2009 |
| WIP | work in progress |