House of Representatives

Tax Laws Amendment (2007 Measures No. 2) Bill 2007

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
ABS Australian Bureau of Statistics
AFOFs Australian venture capital funds of funds
ATO Australian Taxation Office
CGT capital gains tax
Commissioner Commissioner of Taxation
DGR deductible gift recipient
ESVCLP early stage venture capital limited partnerships
GST goods and services tax
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
JORC Code the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
PDF Act Pooled Development Funds Act 1992
PDFs pooled development funds
R & D research and development
VC Act Venture Capital Act 2002
VCLP venture capital limited partnerships
VCR Board Venture Capital Registration Board

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