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Here are some definition of work related words. It’s important to know what they mean so that you can make good decisions about your work.

If there are more words you would like to clarify, email us in the form below!

ABN

ABN stands for Australian Business Number. It is 11 digit number.

Not everyone needs an ABN.

If you are running your own business, you will need an ABN.

It is free when you register with the Australian Business Register (ABR).

Click here for more information.

ATO and tax

ATO stands for Australian Taxation Office. When you start earning an income or salary, you pay your tax to the ATO.

Tax is calculated from 1 July to 30 June the next year (ie. 1 July 2016-30 June 2017). This is called a financial year.

Each Australian or overseas working professional working in Australia is required to fill out a tax form and send it to the ATO every year.

Depending on your salary and expenses, you may owe to ATO or ATO may owe you money.

You can learn how to do tax by yourself, but first check with a Chartered Accountant to make sure you are filling out the form correctly.

For example:
Income to include in your tax form: 

  • Centrelink pensions
  • Investments (property, stock, bank, trusts, etc)
  • Bank account interest payments to you
  • Tax offsets
  • Work-related expenses
  • Other deductions
  • Other income

If you earn a salary from work, tax on your money will be paid by the employer. This is called Pay As You Go (PAYG). This means the employer is paying your tax on your behalf. However, you still have to fill out a tax form every year.

Click here for more information about tax.

If you need more help on filling out a tax form, contact the ATO:
Personal Tax Infoline: 13 28 61 (8.00am – 6.00pm Monday to Friday)

Employee

Employee means a person is paid to work. Employee also means worker, officer, staff member, working person and work professional.

In a trade profession, some people say they are a tradesperson, craftsperson or labourer.

Employer

Employer is the person or organisation that employs people to work.

Employer can also come in other names such as manager, boss, director, leader, chief executive, principal, president, chairperson.

Employment

Paid work is called employment: the employer pays the employee to work.

This word is similar to work, job occupation, appointment, trade, vocation, craft, gig, livelihood, profession, career.

Salary

Salary is the money that you earn in a job.

It can also be called income, earnings, pay, remuneration, stipend, wage and take-home pay.

There are different types of payments, so make sure you check how you are getting paid.

Your salary should be paid with super added afterwards.

Your salary will be taxed by Pay As You Go (PAYG).

Superannuation

Super is your personal retirement account that you access when you turn 72 years old.

Super is paid on top of your salary, but always double check with your employer.

Every time you work and earn more than $450 per month, 9.5% or more of your yearly salary will go towards your super account. You can also decide if you want to increase more money to super, and less to your bank account. This is called 'making a personal contribution'.

Superannuation is also called 'super'.

Click here for full information about superannuation.

Work colleague

Work colleague is a person who works in a similar job to you.

Work colleague also comes in other words: co-worker, associate, workmate, team member, staff and partner.

For example
You are a teacher, other teachers are your work colleagues. 


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