House of Representatives
Tax Laws Amendment (Research and Development) Bill 2010
Income Tax Rates Amendment (Research and Development) Bill 2010
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon Wayne Swan MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| AAT | Administrative Appeals Tribunal |
| AAT Act | Administrative Appeals Tribunal Act 1975 |
| ATO | Australian Taxation Office |
| Bill | Tax Laws Amendment (Research and Development) Bill 2010 |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| GST | goods and services tax |
| IR & D Act | Industry Research and Development Act 1986 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| IT(TP) Act 1997 | Income Tax (Transitional Provisions) Act 1997 |
| MEC group | multiple entry consolidated group |
| OECD Model | Organisation for Economic Co-operation and Development Model Tax Convention on Income and on Capital |
| PAYG | pay as you go |
| R & D | research and development |
| TAA 1953 | Taxation Administration Act 1953 |
| the Board | Innovation Australia |