Glossary beginning with H

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Higher education contribution scheme (HECS) search for term

A system that supplemented funding of the Australian education system. It was incorporated with other loans into the Higher education loan program (HELP) on 1 January 2005.

Higher education loan program (HELP) search for term

The Australian Government contributes towards the education of eligible students by funding government-supported places at universities. Eligible students may be able to study now and pay later by using a HELP loan to pay their student contribution.

  • 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.

Land tax

A tax paid to state and territory governments on land that is not used as a person's home.

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