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 |
---|---|
A Platform for Consultation | Review of Business Taxation: A Platform for Consultation |
A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
ANTS | Government's Tax Reform Document: Tax Reform: not a new tax, a new tax system |
ASIC | Australian Securities and Investment Commission |
ATO | Australian Taxation Office |
BAS | business activity statement |
Capital Gains Tax Act | New Business Tax System (Capital Gains Tax) Act 1999 . |
CGT | capital gains tax |
Commissioner | Commissioner of Taxation |
FBT | fringe benefits tax |
FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
GST | goods and services tax |
Integrity and Other Measures Act | New Business Tax System (Integrity and Other Measures) Act 1999 . |
ITAA 1936 | Income Tax Assessment Act 1936 |
ITAA 1997 | Income Tax Assessment Act 1997 |
NBTS Miscellaneous Bill 1999 | New Business Tax System (Miscellaneous) Bill 1999 |
PAYG | Pay As You Go |
PSB | Personal Services Business |
PSE | Personal Services Entity |
PSI | Personal Services Income |
RSA | Retirement Savings Account |
Stage 1 | amendments announced 21 September 1999 |
Stage 2 | amendments announced 11 November 1999 |
TAA 1953 | Taxation Administration Act 1953 |
the Recommendations | Review of Business Taxation: A Tax System Redesigned |
the Review | Review of Business Taxation chaired by Mr Ralph AO |