House of Representatives
Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ABR | Australian Business Register |
| AFOF | Australian venture capital fund of funds |
| ATO | Australian Taxation Office |
| CGT | Capital Gains Tax |
| Commissioner | Commissioner of Taxation |
| Corporations Act | Corporations Act 2001 |
| ESIC | Early Stage Innovation Company |
| ESVCLP | Early Stage Venture Capital Limited Partnership |
| FVCFF | Foreign Venture Capital Fund Of Funds |
| ICCPR | International Covenant on Civil and Political Rights |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MIT | Managed Investment Trust |
| NISA | National Innovation and Science Agenda |
| OECD | Organisation for Economic Co-operation and Development |
| R & D | Research and Development |
| TAA 1953 | Taxation Administration Act 1953 |
| TIFESI | Tax Incentive For Early Stage Investors |
| VCA 2002 | Venture Capital Act 2002 |
| VCLP | Venture Capital Limited Partnership |