- ABN
- Australian Business Number: the 11-digit number that identifies your business. Free from the ABR.
- ACN
- Australian Company Number: the number ASIC gives a company when it is registered.
- Sole trader
- One person running a business in their own name and responsible for all of it, debts included.
- Company (Pty Ltd)
- A separate legal entity owned by shareholders, with directors who have legal duties.
- Trade mark
- The legal right to a name, logo or slogan for your goods or services, registered with IP Australia.
- GST
- Goods and Services Tax: 10% on most sales in Australia.
- BAS
- Business Activity Statement: the form where you report GST and PAYG to the ATO, usually every quarter.
- ABLIS
- The government's finder for the licences, permits and codes your business needs.
- Public liability
- Insurance for injury or damage your business causes to customers or the public.
- Award
- The legal document that sets minimum pay and conditions for a job or industry.
- PAYG withholding
- The tax you take out of employees' pay and send to the ATO.
- Super
- Superannuation: retirement savings an employer pays into each employee's fund.
- WorkCover
- The common name for workers compensation insurance, run by each state.
- Australian Consumer Law
- The national law on fair trading, guarantees, refunds and honest advertising.