Senate
Taxation Laws Amendment Bill (No. 3) 2001
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)This Memorandum takes account of amendments made by the House of Representatives to the Bill as introduced
Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| Abbreviation | Definition |
|---|---|
| ADF | approved deposit fund |
| ATO | Australian Taxation Office |
| BAS | business activity statement |
| COIN | company instalments |
| Commissioner | Commissioner of Taxation |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GDP | gross domestic product |
| GIC | general interest charge |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| IAS | instalment activity statement |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| PAYG | pay as you go |
| PDI | public debt interest |
| TAA 1953 | Taxation Administration Act 1953 |