Glossary

Date
ATO
Australian Taxation Office
ANAO
Australian National Audit Office
CFC
Controlled foreign company
CGT
Capital gains tax
CPRS
Carbon Pollution Reduction Scheme
CSS
Commonwealth Superannuation Scheme
ETM
Economic Transactions Method
FBT
Fringe benefits tax
FMD
Farm management deposit
FTB
Family Tax Benefit
GDP
Gross domestic product
GFC
Global Financial Crisis
GST
Goods and services tax
HECS
Higher Education Contribution Scheme
HELP
Higher Education Loans Program
JCPAA
Joint Committee of Public Accounts and Audit
MYEFO
Mid-Year Economic and Fiscal Outlook
OECD
Organisation for Economic Co-operation and Development
PEFO
Pre-election Economic and Fiscal Outlook
PRRT
Petroleum resource rent tax
PSS
Public service superannuation
R&D
Research and development
SATO
Senior Australians’ Tax Offset
TES
Tax Expenditures Statement
TLM
Tax Liability Method
WET
Wine equalisation tax