Glossary beginning with Y

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

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.

General
For School administrators
For Educators & Parents
For Students
For the general public

Fact 24

One poetic Australian taxpayer wrote to the ATO: 'Spring is sprung, the grass is riz, I wonder where my return iz. My "rego’s" due, my cash is nil, a cheque from you would pay the till'.

Trust

A trust exists when a person or company (called a 'trustee') holds assets on behalf of others who are intended to benefit from the assets, or income from those assets. Those intended to benefit are called 'beneficiaries'.

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