10 terms starting with G
The general interest charge (GIC) is the interest the ATO adds, compounding daily, to any tax debt that stays unpaid after its due date.
Read definitionGoods 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.
Read definitionGovernment 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.
Read definitionA 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.
Read definitionGross combination mass (GCM) is the maximum a vehicle and everything it is towing can legally weigh together, as set by the vehicle's manufacturer.
Read definitionGross salary is the total amount an employer agrees to pay you before tax, salary sacrifice and other deductions are taken out.
Read definitionGross trailer mass (GTM) is the maximum weight a loaded trailer or caravan may place on its own axles while hitched to the tow vehicle, set by the trailer manufacturer.
Read definitionGross vehicle mass (GVM) is the maximum a vehicle can legally weigh when fully loaded, including fuel, passengers, accessories and cargo, as set by the manufacturer.
Read definitionA 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.
Read definitionGuaranteed future value (GFV) is a car loan feature where the financier will accept the car at term end in place of the final payment, within kilometre and condition limits.
Read definition