Glossary beginning with Y

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Youth Allowance search for term

An Australian Government payment to a young person who is undertaking study, training or an apprenticeship, is sick or is looking for work.

Wacky facts

  • 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.

Glossary

Business / enterprise

A business is any activity where goods or services are sold with the intention of making a profit. If the activity has not been set up with the aim of making a profit then it is considered to be a hobby. A business does not include:

  • private recreational activities and hobbies
  • activities carried on as an employee, labour hire worker, director or office holder
  • activities carried on by individuals (other than the trustees of charitable funds) or partnerships without a reasonable expectation of profit or gain.
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