House of Representatives

New Business Tax System (Capital Allowances) Bill 2001

New Business Tax System (Capital Allowances - Transitional and Consequential) Bill 2001

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory material.

Abbreviation Definition
A Tax System Redesigned Review of Business Taxation: A Tax System Redesigned
ACA Australian Communications Authority
ATO Australian Taxation Office
Capital Allowances Bill New Business Tax System (Capital Allowances) Bill 2001
CGT capital gains tax
Commissioner Commissioner of Taxation
FAC Federal Airports Corporation
GST goods and services tax
GST Act A New Tax System (Goods and Services Tax) Act 1999
IRU indefeasible right to use an international telecommunications submarine cable system
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
R & D research and development
Radcom Act Radiocommunications Act 1992
STS Simplified Tax System


View full documentView full documentBack to top