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Dictionary: Business

ABN (n) Australian Business Number
A tax number that qualifies you as a business.
ATO (n) Australian Tax Office
equivalent to the IRS
AUD, AUD$, A$ (n) Australian dollar
 
award rates (n) minimum standard pay and conditions (pay scale)
 
BAS (n)
(pronounced baaz)
Business Activity Statement
Tax form for figuring your GST payment.
bickie (n) dollar
 
bludge, bludger (n) person who dodges work
 
bourse (n) stock exchange
 
brass, brass razoo (adj) money
"He hasn't got a brass razoo."
CBD (n) Central Business District, downtown area of a city
"I've got to go into the CBD."
clawback (v) (adj) the recovery of funds already disbursed
"The plan would clawback benefits."
compo (n) worker's compensation
 
crust (adj) wage money
 
diary (n) appointment book or calendar, Day Runner
 
docket (n) receipt, ticket
 
dosh (n) money
"Bring the dosh."
drive-away (adj) out-the-door price (car dealership)
Price of the car, GST, stamp duty, license, and third party insurance included.
EFTPOS (n) debit card, Electronic Funds Transfer At Point Of Sale
Can access check or savings accounts by credit or bank card through a terminal in a shop or bank.
excess (n) deductible (insurance)
"My car insurance has a $200 excess on theft."
expression of interest (n) a real estate term meaning one is asked to bid on a property
 
exy (adj) expensive
 
FIRB (n) Federal Investment Review Board
 
flat chat (v) very busy, very fast
 
flat spot (adj) an opening in the schedule
"Do you have a flat spot tomorrow?"
flick it on (v) quick resale
 
flog (v) to sell something
"I'm going to flog off my old Ford Falcon."
follow on customer (adj) repeat customer
 
franking credits (n) Tax credits for investors on dividends from company profits that have already had taxes paid on them.
Eliminates double taxation: first on company's profits, second on dividends from those profits. A standard stock benefit.
gold coin (n) $1 or $2 Australian coins (gold-colored)
"Admission to the charity fete by gold coin donation."
GST Goods and Services Tax
ten percent nationwide
imputation (adj) way of avoiding double taxation on dividends
See section on franking credits.
let off (v) to be laid off from a job
 
long service leave (n) a sabbatical
 
make a quid (v) earn a living
A quid is slang for a pound (unit of money in Aus. until 1966).
mooted (v) suggested
 
no shortage of oscar (adj) having lots of money
 
outcome (n) (adj) results
 
outgoings (adj) expenditures
 
overtime loadings (n) overtime pay
 
pay rise (n) pay raise
 
PAYG (n) payroll withholding tax
Pay As You Go
penalty rates (n) rates of pay higher than normal rates, for work performed outside normal working hours
 
pensioner (adj) retiree
 
rationalisation (v) To eliminate equipment or staff to make a business more efficient.
 
redundant (v) (adj) laid off from work
"I was made redundant."
rort (v) to steal, illegally taking advantage of the system (an Aussie tradition)
"The pollies travelling first class on the ratepayers is a rort."
sack, to (v) to fire someone
"The boss sacked him for taking too many sickies."
SEATS (n) Stock Exchange Automated Trading System
replaced the "cry-out" trading on the share (stock) exchange floor.
shares (n) stocks (stock market)
also known as: share market
sickie (n) sick day
"He's taking a sickie to go surfing."
skint (adj) broke, out of money
 
spruik, spruiker (n) to promote; a huckster, pitchman, super salesman
 
stock take (n) (v) inventory
"Myer are having a huge end of year stock take sale."
stood down (v) laid off, forced to resign
"They were stood down without pay."
stores (n) supplies
"The stores were delivered to the clinic."
superannuation, super (n) retirement fund
 
tee-up (v) to set up an appointment
We'll tee-up a meeting
TFN (n) Tax File Number
equivalent to Social Security Number
the order of the boot (adj) to get fired
 
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