View full documentView full document Previous section | Next section

A New Tax System (Tax Administration) Bill (No. 1) 2000

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)
This Memorandum take account of amendments made by the House of Representatives to the Bill as introduced


The following abbreviations and acronyms are used throughout this Explanatory Memorandum.

ABN Australian Business Number
ABSTUDY Abstudy Student Financial Supplement Loan Scheme
ADF approved deposit fund
ANTS Governments Tax Reform Document: Tax Reform: not a new tax, a new tax system
ATO Australian Taxation Office
BAS business activity statement
Commissioner Commissioner of Taxation
CS/RA complying superannuation/roll-over annuity
ETP eligible termination payment
FAAA 1999 A New Tax System (Family Assistance) (Administration) Act 1999
FBT fringe benefits tax
FBTAA 1986 Fringe Benefits Tax Assessment Act 1986
GDP gross domestic product
GIC general interest charge
HEFA 1988 Higher Education Funding Act 1988
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
ITR 1936 Income Tax Regulations 1936
LCTA 1999 A New Tax System (Luxury Car Tax) Act 1999
PAYG Pay As You Go
PAYG Bill A New Tax System (Pay As You Go) Bill 1999
PAYG system PAYG withholding regime and PAYG instalment regime
PBI public benevolent institution
PRRTAA 1987 Petroleum Resource Rent Tax Assessment Act 1987
SAA 1973 Student Assistance Act 1973
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
SFSS Student Financial Supplement Scheme
SSA 1991 Social Security Act 1991
SSAA 1999 Social Security (Administration) Act 1999
TAA 1953 Taxation Administration Act 1953
Tax Administration Bill A New Tax System (Tax Administration) Bill 1999
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
TPTAC 1997 Termination Payments Tax (Assessment and Collection) Act 1997
TRTAA 1985 Trust Recoupment Tax Assessment Act 1985
VEA 1986 Veterans Entitlements Act 1986
WETA 1999 A New Tax System (Wine Equalisation Tax) Act 1999
WTAA 1964 Wool Tax (Administration) Act 1964

View full documentView full documentBack to top