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.

  • Fact 15

    Primary industry suffered severely in the 1930s due to drought and the Depression, so the government introduced three new taxes to support farmers: the flour tax, the wool tax and the apple and pear tax.

Instalment activity statement (IAS)

A form similar to the BAS (but without GST and some other taxes) used by businesses not registered for GST, and by individuals who are required to pay PAYG instalments or PAYG withholding, such as self-funded retirees.

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