Indirect Tax Legislation Amendment Bill 2000

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)
This Memorandum takes account of amendments made by the House of Representatives to this Bill as introduced.


The following abbreviations and acronyms are used throughout this Explanatory Memorandum.

Abbreviation Definition
ABN Australian Business Number
ABN Act A New Tax System (Australian Business Number) Act 1999
ANTS Government's Tax Reform Document: Tax Reform: not a new tax, a new tax system
AOU application to own use
ATO Australian Taxation Office
BAS business activity statement
BYO bring your own
CGT capital gains tax
Commissioner Commissioner of Taxation
CTP compulsory third party
Customs Act Customs Act 1901
FBT fringe benefits tax
GST goods and services tax
GST Act A New Tax System (Goods and Services Tax) Act 1999
GST Regulations A New Tax System (Goods and Services Tax) Regulations 1999
GST Transition Act A New Tax System (Goods and Services Tax Transition) Act 1999
HIA 1973 Health Insurance Act 1973
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
LCT luxury car tax
LCT Act A New Tax System (Luxury Car Tax) Act 1999
RBA running balance account
STAA 1992 Sales Tax Assessment Act 1992
TAA 1953 Taxation Administration Act 1953
WET wine equalisation tax
WET Act A New Tax System (Wine Equalisation Tax) Act 1999
WST wholesale sales tax

View full documentView full documentBack to top