Explanatory Memorandum
(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
Abbreviation | Definition |
ASIC | Australian Securities and Investments Commission |
ATO | Australian Taxation Office |
CGT | capital gains tax |
Commissioner | Commissioner of Taxation |
Corporations Act | Corporations Act 2001 |
GIC | general interest charge |
ITAA 1936 | Income Tax Assessment Act 1936 |
ITAA 1953 | International Tax Agreement Act 1953 |
ITAA 1997 | Income Tax Assessment Act 1997 |
MIT | Managed investment trust |
PAYG | Pay As You Go |
SGA Act 1992 | Superannuation Guarantee (Administration) Act 1992 |
TAA 1953 | Taxation Administration Act 1953 |
2010 amendments | Tax Laws Amendment (2010 Measures No. 1) Act 2010 |
TOFA | taxation of financial arrangements |
TOFA Act | Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 |
TOFA explanatory memorandum | explanatory memorandum to the Tax Laws Amendment (Taxation Of Financial Arrangements) Bill 2009 |
WIP | work in progress |