As overseas travel became more common in the 1960s, the ATO stopped issuing tax clearance certificates (which had previously reminded Australians planning on travel that they must ensure they had paid all tax owed prior to leaving the country).
Click one of the letters above to go to the page of all terms beginning with that letter.
- Goods and services tax (GST)
A tax of 10% on the supply of most goods and services consumed in Australia.
- Gross salary
The amount of money earned by an employee before any deductions are taken into account.
- Growth phase
A superannuation investment prior to the time when an individual can withdraw funds.