House of Representatives
Tax Laws Amendment (2004 Measures No. 7) Bill 2004
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 |
|---|---|
| ACA | allocable cost amount |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| ESS | employee share scheme |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GDP | gross domestic product |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| PAYG | pay as you go |
| PRRTAA 1987 | Petroleum Resource Rent Tax Assessment Act 1987 |
| STS | simplified tax system |
| TAA 1953 | Taxation Administration Act 1953 |