House of Representatives

New Business Tax System (Integrity and Other Measures) Bill 1999

New Business Tax System (Former Subsidiary Tax Imposition) 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 Strong Foundation Review of Business Taxation: A Strong Foundation
AEST Australian Eastern Standard Time
ANTS Governments Tax Reform Document: Tax Reform: not a new tax, a new tax system
ATO Australian Taxation Office
CDF commercial debt forgiveness
CGT capital gains tax
Commissioner Commissioner of Taxation
CPI Consumer Price Index
FCA 1993 Financial Corporations (Transfer of Assets and Liabilities) Act 1993
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
ITRA 1986 Income Tax Rates Act 1986
IT (TP) Act 1997 Income Tax (Transitional Provisions) Act 1997
RSA retirement savings account


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).