House of Representatives
Taxation Laws Amendment Bill (No. 9) 2003
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 |
|---|---|
| ATO | Australian Taxation Office |
| BAE | balancing adjustment event |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| IVS | indirect value shift |
| IT(TP) Act 1997 | Income Tax (Transitional Provisions) Act 1997 |
| Life Insurance Act | Life Insurance Act 1995 |
| MEC group | multiple entry consolidated group |
| PSE | personal services entity |
| PSI | personal services income |
| R & D | research and development |
| STS | simplified tax system |
| TAA 1953 | Taxation Administration Act 1953 |
| UCA | uniform capital allowance |