House of Representatives
New Business Tax System (Miscellaneous) Bill 1999
New Business Tax System (Venture Capital Deficit 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 |
|---|---|
| ADF | approved deposit fund |
| A Platform for Consultation | Review of Business Taxation: A Platform for Consultation |
| A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
| ANTS | Governments Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| Capital Allowances Bill | New Business Tax System (Capital Allowances) Bill 1999 |
| Capital Gains Tax Bill | New Business Tax System (Capital Gains Tax) Bill 1999 |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| CS/RA | complying superannuation/roll-over annuity |
| FAT | franking additional tax |
| HECS | Higher Education Contribution Scheme |
| Income Tax Rates Bill No. 1 | New Business Tax System (Income Tax Rates) Bill (No. 1) 1999 |
| 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 |
| PAYE | Pay as you earn |
| pooled development fund | |
| section 46 rebate | rebate available under section 46 and 46A of the ITAA 1936 |
| SME | small and medium business enterprises |
| the Recommendations | Review of Business Taxation: A Tax System Redesigned |
| the Review | Review of Business Taxation |