House of Representatives

Tax Laws Amendment (Transfer of Provisions) Bill 2010

Explanatory Memorandum

Circulated By the Authority of the Treasurer, the Hon Wayne Swan MP


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

Abbreviation Definition
ADIs authorised deposit-taking institutions
ASIC Australian Securities and Investments Commission
ATO Australian Taxation Office
BAS business activity statement
CGT capital gains tax
Commissioner Commissioner of Taxation
FMD farm management deposit
GST goods and services tax
IT(TP)A 1997 Income Tax (Transitional Provisions) Act 1997
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
PAYE pay as you earn
PAYG pay as you go
R & D research and development
TAA 1953 Taxation Administration Act 1953
TLIP Tax Law Improvement Project

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