Senate
New Business Tax System (Capital Allowances) Bill 1999
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| Abbreviation | Definition |
|---|---|
| 11.45 am AEST on 21 September 1999 | 11.45 am, by legal time in the Australian Capital Territory, on 21 September 1999 |
| A Platform for Consultation | Review of Business Taxation: A Platform for Consultation |
| A Strong Foundation | Review of Business Taxation: A Strong Foundation |
| AEST | Australian Eastern Standard Time |
| ANTS | Government's Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| CPI | Consumer Price Index |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| IRU | indefeasible right to use a portion of an international telecommunications submarine cable system |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| RSA | retirement savings account |
| the Recommendations | Review of Business Taxation: A Tax System Redesigned |
| the Review | Review of Business Taxation |