House of Representatives
New Business Tax System (Capital Allowances) Bill 2001
New Business Tax System (Capital Allowances - Transitional and Consequential) Bill 2001
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory material.
| Abbreviation | Definition |
|---|---|
| A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
| ACA | Australian Communications Authority |
| ATO | Australian Taxation Office |
| Capital Allowances Bill | New Business Tax System (Capital Allowances) Bill 2001 |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| FAC | Federal Airports Corporation |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| IRU | indefeasible right to use an international telecommunications submarine cable system |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| R & D | research and development |
| Radcom Act | Radiocommunications Act 1992 |
| STS | Simplified Tax System |