House of Representatives
Treasury Laws Amendment (Major Bank Levy) Bill 2017
Major Bank Levy Bill 2017
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ADI | authorised deposit-taking institution |
| APRA | Australian Prudential Regulation Authority |
| APRA Act | Australian Prudential Regulation Authority Act 1998 |
| Collection of Data Act | Financial Sector (Collection of Data) Act 2001 |
| Commissioner | Commissioner of Taxation |
| GDP | Gross Domestic Product |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| PAYG | Pay-As-You-Go |
| Major Bank Levy Act | Major Bank Levy Act 2017 |
| Major Bank Levy Bill | Major Bank Levy Bill 2017 |
| MBL benefits | major bank levy benefits |
| RBA | Reserve Bank of Australia |
| TAA 1953 | Taxation Administration Act 1953 |
| Treasury Laws Amendment Bill | Treasury Laws Amendment (Major Bank Levy) Bill 2017 |