Supplementary Explanatory Memorandum
Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum
Abbreviation | Definition |
---|---|
BAS | business activity statement |
COIN | company instalments |
Commissioner | Commissioner of Taxation |
GDP | gross domestic product |
GIC | general interest charge |
GST | goods and services tax |
GST Transition Act | A New Tax System (Goods and Services Tax Transition) Act 1999 |
ITAA 1936 | Income Tax Assessment Act 1936 |
PAYG | pay as you go |
RBA | Reserve Bank of Australia |
TAA 1953 | Taxation Administration Act 1953 |