Taxation Laws Amendment Bill (No. 3) 2003

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)
Previous citation Taxation Laws Amendment Bill (No. 8) 2002


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
AGL Australian Gas Light Company
ATO Australian Taxation Office
CGT capital gains tax
Commissioner Commissioner of Taxation
Conversion Act AGL Corporate Conversion Act 2002 of New South Wales
ESS employee share scheme
ETP eligible termination payment
FBT fringe benefits tax
FBTAA 1986 Fringe Benefits Tax Assessment Act 1986
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
IT(TP) Act 1997 Income Tax (Transitional Provisions) Act 1997
Minister Minister for Revenue and Assistant Treasurer
PRRT petroleum resource rent tax
PRRTAA 1987 Petroleum Resource Rent Tax Assessment Act 1987
RBL reasonable benefit limit
UNHCR United Nations High Commissioner for Refugees

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