House of Representatives
New Business Tax System (Capital Allowances) Bill 2001
New Business Tax System (Capital Allowances - Transitional and Consequential) Bill 2001
Supplementary 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 |
|---|---|
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| GST Act | A New Tax System (Goods and Services) Act 1999 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| STS | Simplified Tax System |