House of Representatives

Tax Laws Amendment (2007 Measures No. 4) Bill 2007

Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 1) 2007

Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 1) 2007

Taxation (Trustee Beneficiary Non-disclosure Tax) Bill (No. 2) 2007

Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 2) 2007

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
APRA Australian Prudential Regulation Authority
ATO Australian Taxation Office
CGT capital gains tax
Commissioner Commissioner of Taxation
DGR deductible gift recipient
FBT fringe benefits tax
GST goods and services tax
Inoperative Provisions Act Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
MDO medical defence organisation
OECD Organisation for Economic Co-operation and Development
PAYG pay as you go
RSA retirement savings account
SCT Superannuation Complaints Tribunal
SG superannuation guarantee
TAA 1953 Taxation Administration Act 1953
TFN tax file number
UK United Kingdom of Great Britain and Northern Ireland
US United States of America


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