House of Representatives
Taxation Laws Amendment Bill (No. 7) 2003
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 |
|---|---|
| ADF | Australian Defence Force |
| ASIC | Australian Securities and Investments Commission |
| ATO | Australian Taxation Office |
| CFC | controlled foreign company |
| CGT | capital gains tax |
| Commissioner | Commissioner of Taxation |
| Criminal Code | Criminal Code Act 1995 |
| DGR | deductible gift recipient |
| FBT | fringe benefits tax |
| FIF | foreign investment fund |
| FSR | financial services reform |
| GST | goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| ITAA 1936 | Income Tax Assessment Act 1936 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| IT(TP) Act 1997 | Income Tax (Transitional Provisions) Act 1997 |
| LCT | luxury car tax |
| LLC | limited liability company |
| MEC group | multiple entry consolidated group |
| PAYG | pay as you go |
| SIS | simplified imputation system |
| TAA 1953 | Taxation Administration Act 1953 |
| TSA | tax sharing agreement |
| UK | United Kingdom |
| UN | United Nations |
| US | United States |
| USA | United States of America |
| WET | wine equalisation tax |
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