Senate
A New Tax System (Indirect Tax and Consequential Amendments) Bill (No. 2) 1999
Revised Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)THIS MEMORANDUM TAKES ACCOUNT OF AMENDMENTS MADE BY THE HOUSE OR REPRESENTATIVES TO THIS BILL AS INTRODUCED
Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| Abbreviation | Definition |
|---|---|
| ABN | Australian Business Number |
| ABN Act | A New Tax System (Australian Business Number) Act 1999 |
| AIA 1901 | Acts Interpretation Act 1901 |
| ATO | Australian Taxation Office |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| CP & I Act | Consular Privileges and Immunities Act 1972 |
| CSFA Act | A New Tax System (Commonwealth-State Financial Arrangements) Act 1999 |
| CTA 1995 | Customs Tariff Act 1995 |
| Customs Act | Customs Act 1901 |
| DFRS Act | Customs and Excise Amendment (Diesel Fuel Rebate Scheme) Act 1999 |
| DP & I Act | Diplomatic Privileges and Immunities Act 1967 |
| Excise Act | Excise Act 1901 |
| GIC | general interest charge |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| GST Transition Act | A New Tax System (Goods and Services Tax Transition) Act 1999 |
| HIA 1973 | Health Insurance Act 1973 |
| HIV | human immunodeficiency virus |
| IO(P & I) Act | International Organisations (Privileges and Immunities) Act 1963 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| LCT | luxury car tax |
| LCT Act | A New Tax System (Luxury Car Tax) Act 1999 |
| OM(P & I) Act | Overseas Missions (Privileges and Immunities) Act 1995 |
| PAYG | Pay As You Go |
| PRRT | Petroleum Resource Rent Tax |
| PRRTAA | Petroleum Resource Rent Tax Assessment Act 1987 |
| TAA | Taxation Administration Act 1953 |
| VAT | value added tax |
| WET | wine equalisation tax |
| WET Act | A New Tax System (Wine Equalisation Tax) Act 1999 |
| WET and LCT Transition Act | A New Tax System (Wine Equalisation Tax and Luxury Car Tax Transition) Act 1999 |
| WTAA 1964 | Wool Tax (Administration) Act 1964 |