House of Representatives

New Business Tax System (Debt and Equity) Bill 2001

Explanatory Memorandum

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


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

Abbreviation Definition
A Platform for Consultation Review of Business Taxation: A Platform for Consultation
A Tax System Redesigned Review of Business Taxation: A Tax System Redesigned
ADI authorised deposit-taking institution
ANTS Governments Tax Reform Document: Tax Reform: not a new tax, a new tax system
APRA Australian Prudential Regulation Authority
ATO Australian Taxation Office
CFC controlled foreign company
CGT capital gains tax
Commissioner Commissioner of Taxation
CPS converting preference share
FDA foreign dividend account
FIF foreign investment fund
FRN floating rate notes
PAYG pay as you go
SPV special purpose vehicle
TAA 1953 Taxation Administration Act 1953

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