House of Representatives

Treasury Laws Amendment (2018 Measures No. 1) Bill 2018

Explanatory Memorandum

(Circulated by authority of the Minister for Revenue and Financial Services Minister for Women Minister Assisting the Prime Minister for the Public Service the Hon Kelly O'Dwyer MP)


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

Abbreviation Definition
ABN Australian Business Number
AFSL Australian financial services licence
APRA Australian Prudential Regulation Authority
APRA Act Australian Prudential Regulation Authority Act 1998
ASIC Australian Securities & Investments Commission
ATO Australian Taxation Office
BAS Business Activity Statement
Bill Treasury Laws Amendment (2018 Measures No. 1) Bill 2018
CCA 1995 Criminal Code Act 1995
CGT capital gains tax
Commissioner The Commissioner of Taxation
Criminal Code Criminal Code in Schedule 1 to the CCA 1995
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
RSA Act Retirement Savings Accounts Act 1997
RSA Regs Retirement Savings Accounts Regulations 1997
SIS Act Superannuation Industry (Supervision) Act 1993
SIS Regs Superannuation Industry (Supervision) Regulations 1994
SLAA 2012 Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Act 2012
TAA 1953 Taxation Administration Act 1953
TLAA 2010 Tax Laws Amendment (2009 Measures No. 6) Act 2010

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