House of Representatives

Tax Laws Amendment (Temporary Budget Repair Levy) Bill 2014

Income Tax Rates Amendment (Temporary Budget Repair Levy) Bill 2014

Family Trust Distribution Tax (Primary Liability) Amendment (Temporary Budget Repair Levy) Bill 2014

Fringe Benefits Tax Amendment (Temporary Budget Repair Levy) Bill 2014

Income Tax (Bearer Debentures) Amendment (Temporary Budget Repair Levy) Bill 2014

Income Tax (First Home Saver Accounts Misuse Tax) Amendment (Temporary Budget Repair Levy) Bill 2014

Income Tax (TFN Withholding Tax (ESS)) Amendment (Temporary Budget Repair Levy) Bill 2014

Superannuation (Departing Australia Superannuation Payments Tax) Amendment (Temporary Budget Repair Levy) Bill 2014

Superannuation (Excess Non-concessional Contributions Tax) Amendment (Temporary Budget Repair Levy) Bill 2014

Superannuation (Excess Untaxed Roll-over Amounts Tax) Amendment (Temporary Budget Repair Levy) Bill 2014

Taxation (Trustee Beneficiary Non-disclosure Tax) (No. 1) Amendment (Temporary Budget Repair Levy) Bill 2014

Taxation (Trustee Beneficiary Non-disclosure Tax) (No. 2) Amendment (Temporary Budget Repair Levy) Bill 2014

Tax Laws Amendment (Interest on Non-resident Trust Distributions) (Temporary Budget Repair Levy) Bill 2014

Tax Laws Amendment (Untainting Tax) (Temporary Budget Repair Levy) Bill 2014

Trust Recoupment Tax Amendment (Temporary Budget Repair Levy) Bill 2014

Explanatory Memorandum

(Circulated by the authority of the Treasurer, Hon J. B. Hockey MP)

General outline

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

Abbreviation Definition
Commissioner Commissioner of Taxation
DASP departing Australia superannuation payment
FBT fringe benefits tax
FHSA first home saver account
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
IT(TP) Act 1997 Income Tax (Transitional Provisions) Act 1997


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).