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 7

    Australia’s only armed rebellion, at Eureka in October 1854, was over the high cost of a goldmining licence. If a miner did not have a licence on them, they were arrested and the arresting policeman received half the fine.

Product Disclosure Statement

A document that a financial service provider must give to an individual when they recommend or sell a financial product. It must include the risks, benefits, key features, fees, commissions and complaint-handling processes.

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