A unique 9-digit number issued by the Australian Taxation Office (ATO) to individuals and organisations. It's used to identify you in the tax system.

The amount of income you can earn each financial year before you need to pay tax. In Australia, this is currently $18,200.

A tax that the government charges on money you earn from work, investments, or other sources. The amount depends on how much you earn.

A form you submit to the ATO each year (usually through myGov) to report your income and claim any tax you're owed back.

The 12-month period used for tax purposes in Australia, running from 1 July to 30 June the following year.

A system where your employer withholds tax from your wages and sends it directly to the ATO on your behalf.

The amount of tax your employer takes out of your pay before you receive it, based on your income and TFN declaration.

Money set aside by your employer during your working life for your retirement. It's invested and grows over time.

The minimum percentage of your ordinary earnings that your employer must pay into your super fund. Currently 12% in Australia.

A financial institution that holds and invests your superannuation money until you retire.

Interest calculated on both the initial amount and the accumulated interest from previous periods. This helps your super grow faster over time.

Your regular wages or salary, including some allowances and bonuses, used to calculate your super guarantee contributions.

The age at which you can access your superannuation. For most Australians, this is between 55 and 60, depending on when you were born.

The main law governing employment in Australia. It sets out minimum wages, leave entitlements, and workplace rights.

11 minimum workplace entitlements that apply to all employees in Australia, including leave, hours of work, and notice periods.

The lowest amount an employer can legally pay you per hour. Australia has different rates for adults, juniors, and apprentices.

A legal document that sets out minimum pay rates and conditions for employees in a particular industry or occupation.

Work with no guaranteed hours, where you're paid a higher hourly rate (casual loading) instead of receiving paid leave.

Regular work with set hours that are less than full-time (usually under 38 hours per week), with access to leave entitlements.

Regular work with set hours, typically 38 hours per week, with full access to leave entitlements and benefits.

An extra percentage (usually 25%) added to casual workers' hourly rate to compensate for not receiving paid leave.

Higher pay rates for working at certain times, such as weekends, public holidays, or late nights.

A document from your employer showing your earnings, tax withheld, super contributions, and any deductions for a pay period.

Paid time off work for holidays. Full-time and part-time employees get 4 weeks per year.

Paid time off when you're unwell or need to care for a sick family member. Full-time employees get 10 days per year.

A government agency that helps workers understand their rights and resolves workplace disputes.

A plan for how you'll spend and save your money over a period of time, usually weekly or monthly.

A budgeting guideline where 50% of income goes to needs, 30% to wants, and 20% to savings and debt repayment.

Money set aside for unexpected expenses like car repairs, medical bills, or job loss. Aim for 3-6 months of expenses.

The percentage charged on borrowed money (loans, credit cards) or earned on saved money (savings accounts).

A bank account designed for storing money you don't need immediately, often earning interest on your balance.

A bank account for everyday spending, allowing easy access to your money through cards and transfers.

An automatic payment arrangement where money is taken from your account on a set schedule to pay bills or subscriptions.

Borrowed money that you must pay back, usually with interest. Includes credit cards and loans.

Money taken directly from your own bank account when you make a purchase or payment.

A 6-digit code identifying which bank and branch your account belongs to. Needed for receiving payments.

Your emotional, psychological, and social wellbeing. It affects how you think, feel, and act in daily life.

Your body's response to pressure or demands. Some stress is normal, but too much can affect your health and wellbeing.

Feelings of worry, nervousness, or unease about something with an uncertain outcome. It's normal but can become a problem if persistent.

Activities and practices you do regularly to maintain and improve your physical, mental, and emotional health.

The balance between time spent working and time spent on personal life, including family, friends, and hobbies.

A state of physical and emotional exhaustion caused by prolonged stress, often from work or study pressures.

The ability to cope with and recover from difficult situations, setbacks, or challenges.

The people in your life who provide emotional support, advice, and help when you need it.