Across
- 1. Items that can be used to reduce your assessable income, thus reducing the amount of tax you pay
- 4. a loan from a financial institution such as a bank where something is held as security in case the loan is not repaid, e.g. a house.
- 6. Expenses that are the same amount every time — for example, monthly rent, or a minimum charge of $40 per month for a mobile phone
- 7. A period of time after a sale contract has been signed, during which the buyer can cancel the
- 13. loan a high-cost, short-term and small amount loan. The borrower agrees to pay back the loan when they receive their next pay.
- 17. money set aside during your working life for retirement; commonly called ‘super’.
- 18. Money that is lodged with the Rental Bond Board. It is used to cover any damages or cleaning costs if the rented premises are left in an unsatisfactory condition
- 19. Services largely funded from within the community to provide something that is desirable but not profit making condition report
- 22. the amount of money to be paid to receive insurance cover.
- 23. a legal contract between a tenant and a landlord that allows the tenant to use the landlord’s property in return for rental payments. Once a lease is signed, it is a legally binding document.
- 24. plastic card that allows you to buy goods by electronically transferring money out of your account into the store’s account. It can also be used to obtain cash
- 27. usually one week’s rent that will reserve the premises for a person while their application for tenancy is being considered.
- 29. a place of shelter which keeps a person safe and protects them from danger — for example, a youth refuge.
- 33. the person who is covered by the insurance policy
- 34. A list of income and likely expenditures
- 35. an additional tax of 2% of income used to fund the Medicare system.
- 36. the things that an insurance policy covers
- 37. the person who owns the premises being rented.
Down
- 2. also known as collaborative consumption, involves people sharing their possessions for payment.
- 3. a card issued by the government to individuals or families which they can use to access free health care by a doctor and access free health care at a public hospital.
- 5. agreement the standard agreement between tenants and a landlord when a house or flat is being rented.
- 8. One-off costs for setting up a new place to live or a business
- 9. in a progressive tax system, as a person’s income increases the percentage that is paid in tax also increases.
- 10. without receiving a penalty
- 11. those costs that keep on recurring such as rent, mortgage and electricity bills.
- 12. expenses that change over time, and do not occur on a regular basis. For example, a person may go to a music concert this month to hear their favourite singer and buy a computer game next month.
- 14. A person who has agreed to work for a skilled person for a particular period of time and often for lower wages in order to gain knowledge and skills about a particular job — for example, an apprentice plumber
- 15. An official copy of your birth registration held by the NSW Registry of Births, Deaths and Marriages, including information such as name and place of birth
- 16. a central fund of money that has been contributed by a group of people (e.g. flatmates).
- 20. the company that is providing the insurance
- 21. the person or persons who rents a property from a landlord.
- 25. a unique personal reference number the Australian Taxation Office gives to a person so they can identify them and enforce Australia’s taxation laws.
- 26. the payment of an amount of money that covers a person or property in the event of loss, damage or accident so that the person does not suffer a severe financial setback
- 28. The things that an insurance policy will not specifically cover
- 30. an organisation supplying the community with a service such as water, gas or electricity.
- 31. a promise to repair any defects that are in a product.
- 32. The main federal government welfare agency. It provides financial assistance as well as counsellors and social workers to those in need