House of Representatives
Tax Laws Amendment (Investment Manager Regime) Bill 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 explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| AFTS | Australia's Future Tax System |
| ASC | Accounting Standards Code |
| Board | Board of Taxation |
| CGT | Capital gains tax |
| FIN 48 | Accounting Standards Code 740 10 (ASC 740-10) |
| FSC | Financial Services Council |
| IMR | Investment manager regime |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| ITTPA 1997 | Income Tax (Transitional Provisions) Act 1997 |
| Johnson Review | Australia as a Financial Centre |
| MIT | Managed investment trust |
| NANE | Non-assessable non-exempt |
| RIS | Regulation impact statement |
| US | United States |
| USGAA/ASC 740-10 | US generally accepted accounting principles |