Glossary beginning with D

Click one of the letters above to go to the page of all terms beginning with that letter.
Default fund search for term

The super fund an individual's employer pays their super guarantee payments into if they do not nominate a specific super fund.

Dependant search for term

A person whom an individual looks after and who needs their financial support, such as a child.

Dividend search for term

A share of a company's distribution paid to a shareholder.

  • Fact 19

    Australia’s growth and prosperity after World War II meant that, in 1959, the ATO collected £823.37 million in revenue - more than double the amount collected in 1949.

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.
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