House of Representatives
New Business Tax System (Capital Gains Tax) 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.
| Abbreviation | Definition |
|---|---|
| 11.45 am AEST on 21 September 1999 | 11.45 am, by legal time in the Australian Capital Territory, on 21 September 1999 |
| A Platform for Consultation | Review of Business Taxation: A Platform for Consultation |
| A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
| AEST | Australian Eastern Standard Time |
| ANTS | Government's Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| CGT | capital gains tax |
| CGT discount | CGT discount introduced in Division 115-A in the Integrity and Other Measures Bill |
| Commissioner | Commissioner of Taxation |
| ETP | eligible termination payment |
| Integrity and Other Measures Bill | New Business Tax System (Integrity and Other Measures) Bill 1999 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| Pooled Development Fund | |
| PDF Board | Pooled Development Fund Registration Board |
| PDFA 1992 | Pooled Development Funds Act 1992 |
| RBL | reasonable benefit limit |
| the Recommendations | Review of Business Taxation: A Tax System Redesigned |
| the Review | Review of Business Taxation |