Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon Wayne Swan MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
Abbreviation | Definition |
ANTS (MLS) Act 1999 | A New Tax System (Medicare Levy Surcharge - Fringe Benefits) Act 1999 |
ATO | Australian Taxation Office |
Co-contribution Act | Superannuation (Government Co-contribution for Low Income Earners) Act 2003 |
Commissioner | Commissioner of Taxation |
DASP Act | Superannuation (Departing Australia Superannuation Payments Tax) Act 2007 |
EC | exceptional circumstances |
HELP debt | Higher Education Loan Program debt |
HESA 2003 | Higher Education Support Act 2003 |
ITAA 1936 | Income Tax Assessment Act 1936 |
ITAA 1997 | Income Tax Assessment Act 1997 |
MLA 1986 | Medicare Levy Act 1986 |
MLS lump sum | Medicare levy surcharge lump sum |
PAYG | pay as you go |
RESC | reportable employer superannuation contributions |
SATO | senior Australians tax offset |
SGAA 1992 | Superannuation Guarantee (Administration) Act 1992 |
SS Act 1991 | Social Security Act 1991 |
SSAA 1995 | Small Superannuation Accounts Act 1995 |
S(UMLM) Act | Superannuation (Unclaimed Money and Lost Members) Act 1999 |
TAA 1953 | Taxation Administration Act 1953 |
Temporary Residents Act | Temporary Residents' Superannuation Legislation Amendment Act 2008 |
TFN | tax file number |