Senate
A New Tax System (Tax Administration) Bill (No. 2) 2000
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)This Memorandum takes account of amendments made by the House of Representatives to this Bill as introduced.
Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| Abbreviation | Definition |
|---|---|
| A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned (July 1999) |
| AAT | Administrative Appeals Tribunal |
| ABN | Australian Business Number |
| ABR | Australian Business Register |
| ANTS | Tax Reform: not a new tax, a new tax system |
| ATO | Australian Taxation Office |
| BAS | business activity statement |
| Commissioner | Commissioner of Taxation |
| Customs Act | Customs Act 1901 |
| DAFGSA 1999 | Diesel and Alternative Fuels Grants Scheme Act 1999 |
| DFRS | Diesel Fuel Rebate Scheme |
| Excise Act | Excise Act 1901 |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| FS assessment debt | Financial Supplement assessment debt |
| GIC | general interest charge |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| HECS assessment debt | Higher Education Contribution Scheme assessment debt |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| LCT | luxury car tax |
| PAYE | pay as you earn |
| PAYG | pay as you go |
| PRTTAA 1987 | Petroleum Resource Rent Tax Assessment Act 1987 |
| RBA | running balance account |
| RPA | recognised professional association |
| SCT(AC)A 1997 | Superannuation Contributions Tax (Assessment and Collection) Act 1997 |
| SGAA 1992 | Superannuation Guarantee (Administration) Act 1992 |
| STAA 1992 | Sales Tax Assessment Act 1992 |
| T(IOEP)A 1983 | Taxation (Interest on Overpayments and Early Payments) Act 1983 |
| TAA 1953 | Taxation Administration Act 1953 |
| WET | wine equalisation tax |
| WET Act | A New Tax System (Wine Equalisation Tax) Act 1999 |
| WTAA 1964 | Wool Tax (Administration) Act 1964 |