House of Representatives
Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018
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 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| LITO | The offset under section 159N of the ITAA 1936, known as the low income tax offset |