House of Representatives

Taxation Laws Amendment Bill (No. 4) 2002

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 approved deposit institution
ATO Australian Taxation Office
CFC controlled foreign company
CFE controlled foreign entity
CGT capital gains tax
Commissioner Commissioner of Taxation
FIF foreign investment fund
IT information technology
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
LNG liquid national gas
LPG liquid petroleum gas
PE permanent establishment
SCV special category visa
TAA 1953 Taxation Administration Act 1953
TC control interests thin capitalisation control interests
TC control rules thin capitalisation control rules

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