House of Representatives
Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023
Explanatory Memorandum
(Circulated by authority of the Assistant Treasurer and Minister for Financial Services, the Hon Stephen Jones MP)Glossary
This Explanatory Memorandum uses the following abbreviations and acronyms.
| Abbreviation | Definition |
| AAT | Administrative Appeals Tribunal |
| ATO | Australian Taxation Office |
| BAS | Business Activity Statement |
| Bill | Treasury Laws Amendment (Tax Accountability and Fairness) Bill 2023 |
| Commissioner | Commissioner of Taxation |
| DPT | diverted profits tax |
| Guide to Framing Commonwealth Offences | The Attorney-General's Department's A Guide to Framing Commonwealth Offences, Infringements Notices and Enforcement Powers, September 2011 edition |
| ICCPR | International Covenant on Civil and Political Rights |
| ICESCR | International Covenant on Economic, Social and Cultural Rights |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| LNG | Liquefied Natural Gas |
| MAAL | multinational anti-avoidance law |
| PID Act | Public Interest Disclosure Act 2013 |
| PRRT | Petroleum Resource Rent Tax |
| PRRTA Act | Petroleum Resource Rent Tax Assessment Act 1987 |
| Register | The register established and maintained by the Tax Practitioners Board |
| SGE | significant global entity |
| TAA 1953 | Taxation Administration Act 1953 |
| TAS Act | Tax Agent Services Act 2009 |
| TAS Regulations | Regulations made under the TAS Act, currently titled the Tax Agent Services Regulations 2022 |
| Tax agent services | As defined in section 90-5 of the TAS Act |
| Tax practitioners | Registered tax agents and registered BAS agents as defined in section 90-1 of the TAS Act as well as entities that were formerly registered tax agents or registered BAS agents, and entities whose registration as a tax agent or BAS agent has been suspended. It does not include people or entities that have never been registered as a tax agent or BAS agent. |
| TPB | Tax Practitioners Board |