In the 1950s, some ATO personnel informally referred to the tax laws as Pig's Stew because they collected Payroll tax, Income tax, Gift duty, Sales tax, Stevedoring industry charge, Tobacco charge, Estate duty and Wool tax.
- Default fund search for term
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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
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A person whom an individual looks after and who needs their financial support, such as a child.
- Dividend search for term
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A share of a company's distribution paid to a shareholder.
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Fact 20
PAYG instalments
A system used by individuals and businesses to pay tax, such as tax on investment and business income.
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