House of Representatives

Taxation Laws Amendment (Research and Development) 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
AAT Administrative Appeals Tribunal
ATO Australian Taxation Office
BERD business expenditure on R & D
DISR Department of Industry, Science and Resources
GERD government expenditure on R & D
GST goods and services tax
GST Act A New Tax System (Goods and Services Tax) Act 1999
IR & D Board Industry Research and Development Board
IR & DA 1986 Industry Research and Development Act 1986
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
R & D research and development
STS Simplified Taxation System
T(IOEP)A 1983 Taxation (Interest on Overpayments and Early payments) Act 1983

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