Senate
Taxation Laws Amendment Bill (No. 4) 2003
Revised 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 Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
| ABN | Australian Business Number |
| ABN Act | A New Tax System (Australian Business Number) Act 1999 |
| ATO | Australian Taxation Office |
| AWA | Australian Workplace Agreement |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| ETP | eligible termination payment |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GIC | general interest charge |
| GST | goods and services tax |
| IRU | indefeasible right to use an international telecommunications submarine cable system |
| IT(TP) Act 1997 | Income Tax (Transitional Provisions) Act 1997 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| PAYG | pay as you go |
| RBL | reasonable benefit limit |
| RCV | residual capital value |
| SIS | simplified imputation system |
| TAA 1953 | Taxation Administration Act 1953 |
| TAR | Taxation Administration Regulations 1976 |