House of Representatives
Treasury Laws Amendment (2019 Petroleum Resource Rent Tax Reforms No. 1) Bill 2019
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon. Josh Frydenberg MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ABR | Augmented Bond Rate |
| Act (or PRRTA Act) | Petroleum Resource Rent Tax Assessment Act 1987 |
| Bill | Treasury Laws Amendment (2019 Petroleum Resource Rent Tax Reforms No. 1) Bill 2019 |
| GDP | Gross Domestic Product |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| LNG | Liquefied natural gas |
| LTBR | the Government long-term bond rate |
| PRRT | Petroleum Resource Rent Tax |