Glossary beginning with E

Click one of the letters above to go to the page of all terms beginning with that letter.
Eligible rollover fund (ERF) search for term

A regulated superannuation fund or an approved deposit fund.

Entity search for term

An individual, sole trader, body corporate, company, corporation, partnership, trust or superannuation fund.

Excise search for term

A tax on certain goods produced or manufactured in Australia. These goods include alcohol, tobacco and petroleum. Customs duty at an equivalent rate is levied on imported goods to ensure that these goods are treated consistently with local goods.

Exempt income search for term

Income that is not taxable, for example, an invalidity pension.

  • Fact 7

    Australia’s only armed rebellion, at Eureka in October 1854, was over the high cost of a goldmining licence. If a miner did not have a licence on them, they were arrested and the arresting policeman received half the fine.

Revenue / government revenue

The income of a government (from taxes, excise duties or other sources) used for the payment of public expenses.

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