House of Representatives
New Business Tax System (Integrity Measures) Bill 2000
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| Abbreviation | Definition |
|---|---|
| A Platform for Consultation | Review of Business Taxation: A Platform for Consultation |
| A Tax System Redesigned | Review of Business Taxation: A Tax System Redesigned |
| ANTS | Government's Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| ASIC | Australian Securities and Investment Commission |
| ATO | Australian Taxation Office |
| BAS | business activity statement |
| Capital Gains Tax Act | New Business Tax System (Capital Gains Tax) Act 1999 . |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| FBT | fringe benefits tax |
| FBTAA 1986 | Fringe Benefits Tax Assessment Act 1986 |
| GST | goods and services tax |
| Integrity and Other Measures Act | New Business Tax System (Integrity and Other Measures) Act 1999 . |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| NBTS Miscellaneous Bill 1999 | New Business Tax System (Miscellaneous) Bill 1999 |
| PAYG | Pay As You Go |
| PSB | Personal Services Business |
| PSE | Personal Services Entity |
| PSI | Personal Services Income |
| RSA | Retirement Savings Account |
| Stage 1 | amendments announced 21 September 1999 |
| Stage 2 | amendments announced 11 November 1999 |
| TAA 1953 | Taxation Administration Act 1953 |
| the Recommendations | Review of Business Taxation: A Tax System Redesigned |
| the Review | Review of Business Taxation chaired by Mr Ralph AO |
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
