'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.
- Fees and costs
Money that a super fund deducts for administering and investing contributions.
- Financial advisor
A person who holds an Australian Financial Services (AFS) licence and can give financial and investment advice.
- Fixed interest investments
Investments that offer a fixed interest rate on a fixed sum of money, usually for a specific period of time.
- Franked dividend
A share of a company's distribution paid to a shareholder on which tax has been paid by the company.
- Franking credit
A credit paid to shareholders for the tax already paid on a dividend distribution by the company. Franking dividends were formerly called imputation credits.
- Fringe benefit
A benefit received by employees from their employer instead of salary or wages, such as the use of a car for private purposes.
- Fringe benefits tax (FBT)
A tax payable on a non-salary benefit to an employee. The employer pays the tax, not the employee.
- Fund manager
A person or organisation that invests and manages superannuation money.