Abbreviations

AAT

Administrative Appeals Tribunal

ABN

Australian business number

ADF

approved deposit fund

APRA

Australian Prudential Regulation Authority

BSB

bank sub-branch

CFC

controlled foreign company

CGT

capital gains tax

Commissioner

Commissioner of Taxation

DVS

direct value shifting

EFT

electronic funds transfer

ELS

electronic lodgment service

FBT

fringe benefits tax

FHSA

First home saver account

FIF

foreign investment fund

FLP

foreign life policies

FMIS

forestry managed investment scheme

fund

superannuation fund, approved deposit fund or pooled superannuation trust

GIC

general interest charge

GST

goods and services tax

GVSR

general value shifting regime

ITAA

Income Tax Assessment Act

IVS

indirect value shifting

LIC

listed investment company

MCS

member contributions statements

NRAS

National rental affordability scheme

PAYG

pay as you go

PDF

pooled development fund

PST

pooled superannuation trust

RBA

running balance account

SAP

substituted accounting period

SIC

shortfall interest charge

SIS

Superannuation Industry (Supervision) Act 1993 and Superannuation Industry (Supervision) Regulations 1994

SISA

Superannuation Industry (Supervision) Act 1993

SMSF

self-managed superannuation fund

TAA

Taxation Administration Act 1953

TBNT

trustee beneficiary non-disclosure tax

TFN

tax file number

TOFA

Taxation of financial arrangements

Trust Loss Act 1998

Taxation Laws Amendment (Trust Loss and Other Deductions) Act 1998