Senate
A New Tax System (Tax Administration) Bill (No. 1) 2000
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)This Memorandum take account of amendments made by the House of Representatives to the Bill as introduced
Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| ABN | Australian Business Number |
| ABSTUDY | Abstudy Student Financial Supplement Loan Scheme |
| ADF | approved deposit fund |
| ANTS | Governments Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| ATO | Australian Taxation Office |
| BAS | business activity statement |
| Commissioner | Commissioner of Taxation |
| CS/RA | complying superannuation/roll-over annuity |
| ETP | eligible termination payment |
| FAAA 1999 | A New Tax System (Family Assistance) (Administration) Act 1999 |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GDP | gross domestic product |
| GIC | general interest charge |
| HEFA 1988 | Higher Education Funding Act 1988 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| ITR 1936 | Income Tax Regulations 1936 |
| LCTA 1999 | A New Tax System (Luxury Car Tax) Act 1999 |
| PAYG | Pay As You Go |
| PAYG Bill | A New Tax System (Pay As You Go) Bill 1999 |
| PAYG system | PAYG withholding regime and PAYG instalment regime |
| PBI | public benevolent institution |
| PRRTAA 1987 | Petroleum Resource Rent Tax Assessment Act 1987 |
| SAA 1973 | Student Assistance Act 1973 |
| SCTAC 1997 | Superannuation Contributions Tax (Assessment and Collection) Act 1997 |
| SCTM 1997 | Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 |
| SFSS | Student Financial Supplement Scheme |
| SSA 1991 | Social Security Act 1991 |
| SSAA 1999 | Social Security (Administration) Act 1999 |
| TAA 1953 | Taxation Administration Act 1953 |
| Tax Administration Bill | A New Tax System (Tax Administration) Bill 1999 |
| taxation law | acts of which the Commissioner has general administration, or regulations under such an Act |
| TCAA 1955 | Tobacco Charges Assessment Act 1955 |
| TFN | tax file number |
| TPTAC 1997 | Termination Payments Tax (Assessment and Collection) Act 1997 |
| TRTAA 1985 | Trust Recoupment Tax Assessment Act 1985 |
| VEA 1986 | Veterans Entitlements Act 1986 |
| WETA 1999 | A New Tax System (Wine Equalisation Tax) Act 1999 |
| WTAA 1964 | Wool Tax (Administration) Act 1964 |