Explanatory Memorandum(Circulated by the authority of the Treasurer, the Hon Wayne Swan MP)
The following abbreviations and acronyms are used throughout this explanatory memorandum.
|Commissioner||Commissioner of Taxation|
|DGRs||deductible gift recipients|
|GDP||gross domestic product|
|GDP adjustment factor||GDP adjustment|
|GDP adjustment method||PAYG instalments on the basis of the GDP-adjusted notional tax|
|GST||goods and services tax|
|GST Act||A New Tax System (Goods and Services Tax) Act 1999|
|PAYG||pay as you go|
|PRRT||petroleum resource rent tax|
|PRRT Act||Petroleum Resource Rent Tax Assessment Act 1987|
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