Glossary beginning with O

Click one of the letters above to go to the page of all terms beginning with that letter.
Objection search for term

A taxpayer has the right to object to some decisions the ATO makes about their tax affairs, including most tax assessments. If a taxpayer objects to a decision, the ATO will conduct a review.

Ordinary time earnings search for term

The amount an individual earns for their ordinary hours of work.

  • Fact 2

    In 2003, New Zealand proposed an agricultural emissions research levy to be collected from livestock farmers. The tax was to be used to fund research into the livestock industry's emissions of gases.

Cash budget

A statement showing the estimated cash receipts and cash payments for a period of time.

read more glossary terms