House of Representatives
Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019
Explanatory Memorandum
(Circulated by authority of the Minister for Housing and Assistant Treasurer, the Hon. Michael Sukkar 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 |
| BAS | Business Activity Statement |
| Bill | Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 |
| Commissioner | Commissioner of Taxation |
| Criminal Code | The Schedule to the Criminal Code Act 1995 |
| GIC | General Interest Charge |
| GST | Goods and Services Tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| ICCPR | International Covenant on Civil and Political Rights |
| LCT | Luxury Car Tax |
| PAYG | Pay-as-you-go |
| PRRT | Petroleum Resource Rent Tax |
| RBA | Running Balance Account |
| TAA 1953 | Taxation Administration Act 1953 |
| WET | Wine Equalisation Tax |