Senate
Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Bill 2018
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)This memorandum takes account of amendments made by the House of Representatives to the bill as introduced.
Chapter - Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ABN | Australian Business Number |
| ADI | authorised deposit-taking institutions |
| APRA | Australian Prudential Regulation Authority |
| Bill | Treasury Laws Amendment (Tax Integrity and Other Measures No. 2) Bill 2018 |
| DGR | deductible gift recipient |
| G20 | Group of 20 - comprising Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union. |
| IBC | ICC Business Corporation FZ-LLC |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| MYEFO | Mid-Year Economic and Fiscal Outlook |
| OECD | Organisation for Economic Co-operation and Development |
| OECD Action 2 Report | OECD report on Neutralising the Effects of Hybrid Mismatch Arrangements, Action 2: 2015 Final Report |
| OECD Branch Mismatch Arrangements Report | OECD report on Neutralising the Effects of Branch Mismatch Arrangements, Action 2: Inclusive Framework on BEPS |
| PE | Permanent establishment |
| TOFA | Taxation of financial arrangements |