House of Representatives
Taxation Laws Amendment Bill (No. 6) 2003
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Glossary
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 |
| A$ | Australian dollars |
| AASB | Australian Accounting Standards Board |
| AAT | Administrative Appeals Tribunal |
| ACA | allocable cost amount |
| ASIC | Australian Securities and Investments Commission |
| ATO | Australian Taxation Office |
| BAS | Business Activity Statement |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| CPI | consumer price index |
| CTP | compulsory third party |
| DGR | deductible gift recipient |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GIC | general interest charge |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| GST Regulations | A New Tax System (Goods and Services Tax) Regulations 1999 |
| GST Transition Act | A New Tax System (Goods and Services Tax Transition) Act 1999 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| IT(TP) Act 1997 | Income Tax (Transitional Provisions) Act 1997 |
| MEC | multiple entry consolidated |
| MLA 1986 | Medicare Levy Act 1986 |
| MYEFO | mid-year economic and fiscal outlook |
| NZ | New Zealand |
| NZ$ | New Zealand dollars |
| PAYG | pay as you go |
| TAA 1953 | Taxation Administration Act 1953 |