Payroll reference library¶
Quick, plain-English definitions of the payroll terms used across the Academy. Each entry gives a precise definition, the same idea in everyday words, and links to the lessons that explain it in full.
General information only — not tax, super or financial advice.
Terms A–Z¶
- Allowance
- Award
- Gross pay
- Income statement
- Leave loading
- National Employment Standards (NES)
- Net pay
- Ordinary time earnings (OTE)
- Payday Super
- PAYG withholding
- Reportable employer super contributions (RESC)
- Salary sacrifice
- Single Touch Payroll (STP)
- STP finalisation
- Super guarantee (SG)
- Super guarantee charge (SGC)
- SuperStream
- Tax-free threshold
- TFN declaration