House of Representatives
Tax Laws Amendment (2012 Measures No. 6) 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 |
| AWOTE | average weekly ordinary time earnings |
| CERD | International Convention on the Elimination of All Forms of Racial Discrimination |
| CGT | capital gains tax |
| CPI | consumer price index |
| DGR | deductible gift recipient |
| FBTAA | Fringe Benefit Assessment Act 1986 |
| FBT | fringe benefit tax |
| ICCPR | International Covenant on Civil and Political Rights |
| ICESCR | International Covenant on Economic, Social and Cultural Rights |
| ILUA | Indigenous Land Use Agreement |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MITs | managed investment trusts |
| NANE income | non-assessable non-exempt income |
| NMETO | net medical expenses tax offset |
| NTA | Native Title Act 1993 |
| the new MIT regime | the new tax system for MITs |
| TLA No. 5 2011 | Tax Laws Amendment (2011 Measures No. 5) Act 2011 |
| FMD | Farm Management Deposit |
| GST | goods and services tax |