A New Tax System (Tax Administration) Bill (No. 2) 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
A Tax System Redesigned Review of Business Taxation: A Tax System Redesigned (July 1999)
AAT Administrative Appeals Tribunal
ABN Australian Business Number
ABR Australian Business Register
ANTS Tax Reform: not a new tax, a new tax system
ATO Australian Taxation Office
BAS business activity statement
Commissioner Commissioner of Taxation
Customs Act Customs Act 1901
DAFGSA 1999 Diesel and Alternative Fuels Grants Scheme Act 1999
DFRS Diesel Fuel Rebate Scheme
Excise Act Excise Act 1901
FBT fringe benefits tax
FBTAA 1986 Fringe Benefits Tax Assessment Act 1986
FS assessment debt Financial Supplement assessment debt
GIC general interest charge
GST goods and services tax
GST Act A New Tax System (Goods and Services Tax) Act 1999
HECS assessment debt Higher Education Contribution Scheme assessment debt
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
LCT luxury car tax
PAYE pay as you earn
PAYG pay as you go
PRTTAA 1987 Petroleum Resource Rent Tax Assessment Act 1987
RBA running balance account
RPA recognised professional association
SCT(AC)A 1997 Superannuation Contributions Tax (Assessment and Collection) Act 1997
SGAA 1992 Superannuation Guarantee (Administration) Act 1992
STAA 1992 Sales Tax Assessment Act 1992
T(IOEP)A 1983 Taxation (Interest on Overpayments and Early Payments) Act 1983
TAA 1953 Taxation Administration Act 1953
WET wine equalisation tax
WET Act A New Tax System (Wine Equalisation Tax) Act 1999
WTAA 1964 Wool Tax (Administration) Act 1964

View full documentView full documentBack to top