House of Representatives

Minerals Resource Rent Tax Bill 2011

Minerals Resource Rent Tax Act 2012

Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011

Minerals Resource Rent Tax (Imposition - Customs) Bill 2011

Minerals Resource Rent Tax (Imposition - Customs) Act 2012

Minerals Resource Rent Tax (Imposition - Excise) Bill 2011

Minerals Resource Rent Tax (Imposition - Excise) Act 2012

Minerals Resource Rent Tax (Imposition - General) Bill 2011

Minerals Resource Rent Tax (Imposition - General) Act 2012

Explanatory Memorandum

(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)

Glossary

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

Abbreviation Definition
AFTS Review Australia's Future Tax System Review
APA Advance Pricing Agreement
ASX Australian Securities Exchange
ATO Australian Taxation Office
CGT capital gains tax
Commissioner Commissioner of Taxation
CPI consumer price index
GST goods and services tax
GST Act A New Tax System (Goods and Services Tax ) Act 1999
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
LTBR long term bond rate
LTBR + 7 per cent long term bond rate plus 7 per cent
MRRT Minerals Resource Rent Tax
MRRT (CA & TP) Bill Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011
MRRT Bill Minerals Resource Rent Tax Bill 2011
MRRT customs imposition Bill Minerals Resource Rent Tax (Imposition Customs) Bill 2011
MRRT excise imposition Bill Minerals Resource Rent Tax (Imposition Excise) Bill 2011
MRRT general imposition Bill Minerals Resource Rent Tax (Imposition General) Bill 2011
OECD Organisation for Economic Co-operation and Development
OECD Guidelines OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations
PAYG pay as you go
PRRT Petroleum Resource Rent Tax
TAA 1953 Taxation Administration Act 1953


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