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 25

The first computers used by the ATO were used primarily for issuing the five million refund cheques sent out each year in the mid 1960s.

Tax-free threshold

Individuals who are Australian residents for taxation purposes pay no tax on the first $18,200 taxable income for the full financial year. This is called the tax-free threshold. They may claim the tax-free threshold from one employer only. Non-residents cannot claim the tax-free threshold.

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