Australian Payroll Glossary
Definitions and explanations for Australian businesses
This glossary provides clear, practical definitions of key terms in australian payroll in an Australian business context. Each term is explained in plain language with relevant regulatory references. Bookmark this page as a reference.
A-Z Definitions
Comprehensive glossary covering 21+ terms. Each definition is written for Australian business owners, focusing on practical application. Key terms include: ATO, Award, BAS, Casual loading, EOFY, FBT, GIC, HECS, IAS, Junior rate, KeyPay, Leave loading, Modern Award, NES, OTE, PAYG, RDO, STP, TFN, Underpayment, Withholding
Each entry provides: a plain-language definition, the regulatory or legislative source where applicable, a practical example, and cross-references to related terms.
Beyond Definitions
Understanding the terminology is the first step. Valont handles the implementation — correct payroll, compliant BAS, and secure IT managed by specialists.
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