House of Representatives

A New Tax System (Indirect Tax and Consequential Amendments) Bill (No. 2) 1999

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)


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

Abbreviation Definition
ABN Australian Business Number
ABN Act A New Tax System (Australian Business Number) Act 1999
AIA 1901 Acts Interpretation Act 1901
ATO Australian Taxation Office
Commissioner Commissioner of Taxation
CP & I Act Consular Privileges and Immunities Act 1972
CSFA Act A New Tax System (Commonwealth-State Financial Arrangements) Act 1999
CTP compulsory third party
DP & I Act Diplomatic Privileges and Immunities Act 1967
GIC general interest charge
GST goods and services tax
GST Act A New Tax System (Goods and Services Tax) Act 1999
GST Transition Act A New Tax System (Goods and Services Tax Transition) Act 1999
IO(P & I) Act International Organisations (Privileges and Immunities) Act 1963
ITAA 1997 Income Tax Assessment Act 1997
LCT luxury car tax
LCT Act A New Tax System (Luxury Car Tax) Act 1999
OM(P & I) Act Overseas Missions (Privileges and Immunities) Act 1995
PRRT Petroleum Resource Rent Tax
PRRTAA Petroleum Resource Rent Tax Assessment Act 1987
VAT value added tax
WET wine equalisation tax
WET Act A New Tax System (Wine Equalisation Tax) Act 1999
WTAA 1964 Wool Tax (Administration) Act 1964
WET and LCT Transition Act A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999

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