House of Representatives
A New Tax System (Tax Administration) Bill 1999
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| AAT | Administrative Appeals Tribunal |
| ABN | Australian Business Number |
| ABNA 1999 | A New Tax System (Australian Business Number) Act 1999 |
| ABR | Australian Business Register |
| ANTS | Government's Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| ATO | Australian Taxation Office |
| BAS | business activity statement |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| DCOIN | deferred company instalments |
| DIR | dividend, interest and royalty |
| ETP | eligible termination payment |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| FBTI | fringe benefits tax instalments |
| FMD | farm management deposit |
| FNP | Failure to Notify Penalty |
| FS | Student financial supplement |
| GDP | gross domestic product |
| GIC | general interest charge |
| GST | Goods and Services Tax |
| GSTA 1999 | A New Tax System (Goods and Services Tax) Act 1999 |
| GSTAA | A New Tax System (Goods and Services Tax Administration) Act 1999 |
| HECS | Higher Education Contribution Scheme |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| ITAR 1997 | Income Tax Assessment Regulations 1997 |
| ITI | income tax instalments |
| ITR 6 | Income Tax Regulations 6 |
| ITW | income tax withholding |
| LCT | luxury car tax |
| MWT | mining withholding tax |
| NRP | natural resource payments |
| PAYE | Pay as you earn |
| PAYG | Pay as you go |
| PAYG Bill | A New Tax System (Pay As You Go) Bill 1999 [F1] |
| PPS | Prescribed Payments System |
| PRRT | Petroleum Resource Rent Tax Assessment Act 1987 |
| RBA | running balance account |
| Registrar | ABN Registrar |
| RPS | Reportable Payments System |
| SCTAC 1997 | Superannuation Contributions Tax (Assessment and Collection) Act 1997 |
| SCTM 1997 | Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 |
| SGAA 1992 | Superannuation Guarantee (Administration) Act 1992 |
| SPOR | shorter period of review |
| STAA 1992 | Sales Tax Assessment Act 1992 |
| T(IOEP)A 1983 | Taxation (Interest on Overpayments and Early Payments) Act 1983 |
| TAA 1953 | Taxation Administration Act 1953 |
| TAR 1953 | Taxation Administration Regulations 1953 |
| Taxation law | Acts of which the Commissioner has general administration, or regulations under such an Act |
| TCAA 1955 | Tobacco Charges Assessment Act 1955 |
| TFN | tax file number |
| TLAA3 1999 | Taxation Laws Amendment Act (No. 3) 1999 |
| TLIP | Taxation Law Improvement Project |
| top marginal rate | The top marginal tax rate plus the standard Medicare Levy. From 1 July 2000 this will be 48.5% |
| TPTAC 1997 | Termination Payments Tax (Assessment and Collection) Act 1997 |
| WET | wine equalisation tax |
| WTAA | Wool Tax (Administration) Act 1964 |