Explanatory Memorandum
Circulated By the Authority of the Treasurer, the Hon Wayne Swan MPGlossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
Abbreviation | Definition |
ADIs | authorised deposit-taking institutions |
ASIC | Australian Securities and Investments Commission |
ATO | Australian Taxation Office |
BAS | business activity statement |
CGT | capital gains tax |
Commissioner | Commissioner of Taxation |
FMD | farm management deposit |
GST | goods and services tax |
IT(TP)A 1997 | Income Tax (Transitional Provisions) Act 1997 |
ITAA 1936 | Income Tax Assessment Act 1936 |
ITAA 1997 | Income Tax Assessment Act 1997 |
PAYE | pay as you earn |
PAYG | pay as you go |
R & D | research and development |
TAA 1953 | Taxation Administration Act 1953 |
TLIP | Tax Law Improvement Project |