House of Representatives
Tax and Superannuation Laws Amendment (2013 Measures No. 1) Bill 2013
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 |
| ASIC | Australian Securities and Investments Commission |
| ATO | Australian Taxation Office |
| CGT | Capital Gains Tax |
| Commissioner | Commissioner of Taxation |
| DASP | Departing Australia Superannuation Payment |
| FBT | Fringe Benefits Tax |
| FBTAA | Fringe Benefits Tax Assessment Act 1986 |
| IIO | Irrigation infrastructure operator |
| IT(TP)A 1997 | Income Tax (Transitional Provisions) Act 1997 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MEC group | multiple entry consolidated group |
| MRRT | Minerals Resource Rent Tax |
| MRRT(CATP)A 2012 | Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012 |
| MRRTA 2012 | Minerals Resource Rent Tax Act 2012 |
| MYEFO | Mid-Year Economic and Fiscal Outlook |
| NANE | Non-assessable non-exempt |
| PAYG | Pay-as-you-go |
| PRRT | Petroleum Resource Rent Tax |
| PRRTAA 1987 | Petroleum Resource Rent Tax Assessment Act 1987 |
| RBA | running balance account |
| Review | Super System Review |
| RIS | regulation impact statement |
| S(DASPT) Act | Superannuation (Departing Australia Superannuation Payment Tax) Act 2007 |
| S(UMLM) Act | Superannuation (Unclaimed Money and Lost Members) Act 1999 |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| SIS Regulations | Superannuation Industry (Supervision) Regulations 1994 |
| SMSF | self managed superannuation fund |
| SRWUIP | Sustainable Rural Water Use and Infrastructure Program |
| TAA 1953 | Taxation Administration Act 1953 |
| The Commissioner | Commissioner of Taxation |
| TIOEPA 1983 | Taxation (Interest on Overpayments and Early Payments) Act 1983 |
| Water Department | Department of Sustainability, Environment, Water, Population and Communities |
| Water Minister | Minister for Sustainability, Environment, Water, Population and Communities |
| Working Group | Business Tax Working Group |