Terms starting with: T
Taxes
Fees placed on income, property or goods which are collected by the government to support costs and programs.
Tax Deductible
Referring to an expense which can be offset against taxation liabilities.
Tax file number (TFN)
The personal tax identification number supplied to you by the ATO when you begin working and paying tax.
Term Deposit
A deposit with a financial institution for a fixed period and a rate of interest which applies for the duration of the deposit.
Trust Fund
A fund whose assets are managed by a trustee or a board of trustees for the benefit of another party or parties. Restrictions as to the type of investments in which the trustee may invest the assets of the trust fund are usually found in the trust deed and in applicable legislation.