Glossary beginning with N

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Net amount payable search for term

The total amount required to be paid to the ATO. It includes an individual's tax payable and their Medicare levy (if applicable), less any credits for tax offsets and PAYG amounts.

Notice of assessment search for term

The notice sent to an individual after their tax return has been processed, advising them of the tax they owe or their refund entitlement.

  • Fact 18

    World War II saw the percentage of women working at the ATO increase from 23% at the beginning of the war to a peak of 57% in 1945.

Pension (not including the age pension)

A series of regular payments made to an individual by their superannuation fund or retirement savings account (RSA).

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