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Finance terms starting with G

5 terms starting with G

Goods and services tax (GST)

Goods and services tax (GST) is a broad-based 10% tax on most goods and services sold in Australia, which registered businesses collect on sales and pay to the ATO.

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Government grants

Government grants are non-repayable payments from federal, state or local government to eligible businesses, not-for-profits or individuals to fund defined projects or outcomes under set program conditions.

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Green loan

A green loan is a purpose-specific loan for energy-efficiency or renewable energy upgrades, such as solar, batteries or heat pumps, with permitted uses the lender verifies.

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Gross salary

Gross salary is the total amount an employer agrees to pay you before tax, salary sacrifice and other deductions are taken out.

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Guarantee

A guarantee is a contract in which a guarantor promises a creditor to pay or perform if the principal debtor defaults, supporting the debt rather than replacing it.

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