House of Representatives

New Business Tax System (Capital Gains Tax) 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 Tax System Redesigned Review of Business Taxation: A Tax System Redesigned
AEST Australian Eastern Standard Time
ANTS Government's Tax Reform Document: Tax Reform: not a new tax, a new tax system
CGT capital gains tax
CGT discount CGT discount introduced in Division 115-A in the Integrity and Other Measures Bill
Commissioner Commissioner of Taxation
ETP eligible termination payment
Integrity and Other Measures Bill New Business Tax System (Integrity and Other Measures) Bill 1999
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
PDF Pooled Development Fund
PDF Board Pooled Development Fund Registration Board
PDFA 1992 Pooled Development Funds Act 1992
RBL reasonable benefit limit
the Recommendations Review of Business Taxation: A Tax System Redesigned
the Review Review of Business Taxation


View full documentView full documentBack to top