Glossary beginning with G

Click one of the letters above to go to the page of all terms beginning with that letter.
Goods and services tax (GST) search for term

A tax of 10% on the supply of most goods and services consumed in Australia.

Gross salary search for term

The amount of money earned by an employee before any deductions are taken into account.

Growth phase search for term

A superannuation investment prior to the time when an individual can withdraw funds.

  • Fact 1

    In 1705, Emperor Peter I of Russia instituted a beard tax. Those who paid the tax were required to carry a 'beard token'. This was a copper or silver token inscribed with 'the tax has been taken' and 'the beard is a superfluous burden'.

Proportional tax

A tax where the tax rate is constant. GST and company tax are proportional taxes.

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