In 2003, New Zealand proposed an agricultural emissions research levy to be collected from livestock farmers. The tax was to be used to fund research into the livestock industry's emissions of gases.
- Balance sheet
A document summarising the assets, liabilities and net worth (or owner’s equity) of a business.
A medium to long-term investment issued by governments and companies that pay the holder a regular and fixed interest rate for the term of the investment.
- Business / enterprise
A business is any activity where goods or services are sold with the intention of making a profit. If the activity has not been set up with the aim of making a profit then it is considered to be a hobby. A business does not include:
- private recreational activities and hobbies
- activities carried on as an employee, labour hire worker, director or office holder
- activities carried on by individuals (other than the trustees of charitable funds) or partnerships without a reasonable expectation of profit or gain.
- Business activity statement (BAS)
A single form used by businesses registered for GST to report their business tax entitlements and obligations including GST, PAYG instalments, PAYG withholding and FBT instalments. See also instalment activity statement.
- Business plan
A document that sets out in detail all aspects of how a business will be run.