House of Representatives

Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023

Explanatory Memorandum

(Circulated by authority of the Assistant Treasurer and Minister for Financial Services, the Hon Stephen Jones MP)

Glossary

This Explanatory Memorandum uses the following abbreviations and acronyms.

Abbreviation Definition
AAT Administrative Appeals Tribunal
ATO Australian Taxation Office
BAS Business Activity Statement
Bill Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023
Commissioner Commissioner of Taxation
DPT diverted profits tax
Guide to Framing Commonwealth Offences The Attorney-General's Department's A Guide to Framing Commonwealth Offences, Infringements Notices and Enforcement Powers, September 2011 edition
ICCPR International Covenant on Civil and Political Rights
ICESCR International Covenant on Economic, Social and Cultural Rights
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
LNG Liquefied Natural Gas
MAAL multinational anti-avoidance law
PID Act Public Interest Disclosure Act 2013
PRRT Petroleum Resource Rent Tax
PRRTA Act Petroleum Resource Rent Tax Assessment Act 1987
Register The register established and maintained by the Tax Practitioners Board
SGE significant global entity
TAA 1953 Taxation Administration Act 1953
TAS Act Tax Agent Services Act 2009
TAS Regulations Regulations made under the TAS Act, currently titled the Tax Agent Services Regulations 2022
Tax agent services As defined in section 90-5 of the TAS Act
Tax practitioners Registered tax agents and registered BAS agents as defined in section 90-1 of the TAS Act as well as entities that were formerly registered tax agents or registered BAS agents, and entities whose registration as a tax agent or BAS agent has been suspended. It does not include people or entities that have never been registered as a tax agent or BAS agent.
TPB Tax Practitioners Board


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