SENATE
New Business Tax System (Simplified Tax System) Bill 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 THE BILL AS INTRODUCEDGlossary
The following abbreviations and acronyms are used throughout this Bill.
| Abbreviation | Definition |
| A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
| ABARE | Australian Bureau of Agriculture Resource Economics |
| ABN | Australian Business Number |
| ABS | Australian Bureau of Statistics |
| ANTS | Governments Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| ATO | Australian Taxation Office |
| Commissioner | Commissioner of Taxation |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| small business taxpayer | as defined in the Income Tax Assessment Act 1997 |
| STS | Simplified Tax System |
| STS affiliate | an entity that is somehow related to the STS taxpayer |
| STS taxpayer | an entity who is eligible and who chooses to enter the STS |