House of Representatives
New International Tax Arrangements (Foreign-owned Branches and Other Measures) Bill 2005
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 |
|---|---|
| APRA | Australian Prudential Regulation Authority |
| ATO | Australian Taxation Office |
| Australian company | Australian resident company |
| Australian dividends | dividends paid by an Australian company |
| CGT | capital gains tax |
| Consultation Paper | the Treasury's consultation paper - Review of International Taxation Arrangements |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MEC group | multiple entry consolidated group |
| NITA Act 2004 | New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004 |
| OECD | Organisation for Economic Co-operation and Development |
| the Board's Report | the Board of Taxation's report - International Taxation - A Report to the Treasurer |