House of Representatives

Tax Laws Amendment (2007 Measures No. 5) Bill 2007

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello MP)


1.1 The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
AAT Administrative Appeals Tribunal
ABN Australian Business Number
ADI authorised deposit-taking institution
APRA Australian Prudential Regulation Authority
ATO Australian Taxation Office
CGT capital gains tax
Commissioner Commissioner of Taxation
DGR deductible gift recipient
IR & D Act Industry Research and Development Act 1986
IR & D Board Industry Research and Development Board
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
MEC group multiple entry consolidated group
PDF Act Pooled Development Funds Act 1992
R & D research and development
TAA 1953 Taxation Administration Act 1953
US United States of America
VC Act Venture Capital Act 2002
VCR Board Venture Capital Registration Board

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