House of Representatives
Treasury Laws Amendment (Cost of Living Support and Other Measures) Bill 2022
Excise Tariff Amendment (Cost of Living Support) Bill 2022
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon. Josh Frydenberg MP)Glossary
This Explanatory Memorandum uses the following abbreviations and acronyms.
| Abbreviation | Definition |
| ABS | Australian Bureau of Statistics |
| ASIC | Australian Securities and Investments Commission |
| CEO | Chief Executive Officer |
| Commissioner | Commissioner of Taxation |
| COVID-19 | Coronavirus known as COVID-19 |
| CPI | Consumer Price Index |
| Customs Bill | Customs Tariff Amendment (Cost of Living Support) Bill 2022 |
| Customs Tariff Act | Customs Tariff Act 1995 |
| Excise Bill | Excise Tariff Amendment (Cost of Living Support) Bill 2022 |
| Excise Tariff Act | Excise Tariff Act 1921 |
| FBT | Fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GDP | gross domestic product |
| GST | goods and services tax |
| ICCPR | International Covenant on Civil and Political Rights |
| ICESCR | International Covenant on Economic, Social and Cultural Rights |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| main Bill | Treasury Laws Amendment (Cost of Living Support and Other Measures) Bill 2022 |
| MYEFO | Mid-year Economic and Fiscal Outlook |
| PAYG | pay as you go |
| PBS | Pharmaceutical Benefits Scheme |
| SAPTO | Seniors and pensioners tax offset |
| Social Security Act | Social Security Act 1991 |
| TAA 1953 | Taxation Administration Act 1953 |
| Threshold amount | Medicare levy and Medicare levy surcharge low-income threshold amount |
| Veterans' Entitlements Act | Veterans' Entitlements Act 1986 |