House of Representatives
New Business Tax System (Thin Capitalisation) Bill 2001
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 |
| AASB | Australian Accounting Standards Board |
| ADI | authorised deposit-taking institution |
| ANTS | Governments Tax Reform Document: Tax Reform: not a new tax, a new tax system |
| APRA | Australian Prudential Regulation Authority |
| ATO | Australian Taxation Office |
| CFC | controlled foreign company |
| CFT | controlled foreign trust |
| Commissioner | Commissioner of Taxation |
| DTA | double tax agreement |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| non-ADI | not an authorised deposit-taking institution |
| OB | offshore banking |
| OBU | offshore banking unit |
| OECD | Organisation for Economic Cooperation and Development |
| Part X | Part X of the ITAA 1936 |
| REPO | reciprocal purchase agreement |
| TAA 1953 | Taxation Administration Act 1953 |
| TC | thin capitalisation |
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).
