When one company makes a bid to take control of another
A unique number assigned to taxpayers by the Australian Taxation
Office for tax administration. You need to quote the number to
employers, benefit and allowance providers, banks and other investment bodies.
The risk that changes to the tax system could affect the outcome
of your investments. With regard to your superannuation, it is the
risk that changes to the way superannuation is
taxed could affect the amount of super earnings. See also regulatory risk.
A scheme that attracts investment mostly for the tax benefits it
offers, such as an agricultural or film scheme. An investment is said to be ‘tax-effective’
if investors pay less tax on it than they would have on another
investment that gives the same return.
A free independent service to help resolve telephone and
A person’s right to occupy land or buildings as per the terms of
a lease or other agreement.
Where two or more people hold shares in a property. Each owner
has the right to deal with their share of the property separately
to the others. Tenants in common may pass on their share to a
nominated beneficiary in their will.
The length of time a loan or an investment will run
An account with a financial institution where money is deposited
for a set period of time. The interest rate is
usually fixed for the term of the deposit and is generally
higher than a transaction account but not always higher than some
other at-call high interest savings accounts. Also known as a fixed deposit.
A type of car insurance that covers damage you cause to other
people's property (e.g. their car or home), as well as your own
A type of car insurance that covers damage to other people's
property, and provides limited cover for damage to your own car, as
a result of theft or fire.
A type of life insurance that helps cover the cost of
rehabilitation, debt repayments and the future cost of living if
you are totally and permanently disabled. Each insurer has
different definitions of what is and isn't considered to be
permanently disabled, so always read the fine print so you know how
the policy defines the cover.
An account with a financial institution where your money is
readily available for day-to-day transactions.
Charges for any account transactions you conduct i.e.
withdrawals, deposits, transfers.
A lifetime cap on the amount of super that you can transfer into
'retirement phase accounts' to pay a tax-free income
A scheme that allows you to reduce working hours in the lead-up
to retirement without reducing take-home pay, or to continue
working full-time and make significant tax savings by salary sacrificing heavily into super and
supplementing take-home pay with a super pension.
A type of life insurance that provides cover if you are
diagnosed with a certain illness that will make a significant
impact on your life, such as cancer or a stroke. Trauma insurance
pays a set amount that can be used for things like medical costs,
repaying debt, or adjustments to housing or lifestyle changes.
Covers travellers for cancellations, medical care and loss of
possessions while they are away from home on business or leisure
A person or company that holds or administers assets for the benefit of someone
People or a company appointed to manage a super fund on your
Last updated: 03 Jul 2015