Senate
Taxation Laws Amendment Bill (No. 6) 2001
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)This Memorandum takes account of amndments made by the House of Representatives to the bill as introduced
Glossary
The following abbreviations and acronyms are used throughout this revised explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| GDP | gross domestic product |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| GTL | gas to liquids |
| GTP | gas transfer price |
| HCS | HIH Claims Support Limited |
| HIH Trust | HIH Claims Support Trust |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| LIC | listed investment company |
| MPC | marketable petroleum commodity |
| PAYG | pay as you go |
| PRRT | petroleum resource rent tax |
| PRRTA Act | Petroleum Resource Rent Tax Assessment Act 1987 |
| PST | pooled superannuation trust |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| STB | State and Territory body |
| TFN | tax file number |
| TAA 1953 | Taxation Administration Act 1953 |