Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon J. B. Hockey MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
Abbreviation | Definition |
CPI | consumer price index |
SAPTO | seniors and pensioners tax offset |
threshold amount | Medicare levy and Medicare levy surcharge low-income threshold amount |
surcharge | Medicare levy surcharge |