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 6

    '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.

Tax file number (TFN)

A unique number issued by the ATO to individuals and organisations to increase the efficiency in administering tax and other Australian Government systems, such as income support payments.

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