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Bank account debits tax, the Glossary

Bank account debits tax (BADT or BAD) was an Australian bank transaction tax levied on customer withdrawals from bank accounts with a cheque facility (both withdrawals made by cheque or by another means, such as EFTPOS).^[1]

19 relations: Australian Banking Association, Australian Capital Territory, Australian Securities Exchange, Bank transaction tax, Cheque, EFTPOS, Financial institutions duty, Goods and services tax (Australia), National Australia Bank, New South Wales, Norfolk Island, Northern Territory, Parliament of Australia, Queensland, South Australia, Tasmania, Taxation in Australia, Victoria (state), Western Australia.
Banking in Australia
History of taxation in Australia

Australian Banking Association

The Australian Banking Association (ABA), formerly the Australian Bankers' Association, is the trade association for the Australian banking industry. Bank account debits tax and Australian Banking Association are banking in Australia.

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Australian Capital Territory

The Australian Capital Territory (ACT), known as the Federal Capital Territory (FCT) until 1938, is a federal territory of Australia.

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Australian Securities Exchange

Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, the Sydney Stock Exchange, a separate entity).

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Bank transaction tax

A bank transaction tax is a tax levied on debit (and/or credit) entries on bank accounts.

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Cheque

A cheque (British English) or check (American English); is a document that orders a bank, building society (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

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EFTPOS

Electronic Funds Transfer at Point Of Sale, abbreviated as EFTPOS; is the technical term referring to a type of payment transaction where electronic funds transfers (EFT) are processed at a point of sale (POS) system or payment terminal usually via payment methods such as payment cards (debit cards, credit cards or gift cards).

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Financial institutions duty

Financial institutions duty (FID) was a duty levied by all Australian states and territories except Queensland on deposits to bank accounts, term deposits, and similar. Bank account debits tax and Financial institutions duty are History of taxation in Australia.

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Goods and services tax (Australia)

Goods and Services Tax (GST) in Australia is a value added tax of 10% on most goods and services sales, with some exemptions (such as for certain food, healthcare and housing items) and concessions (including qualifying long term accommodation which is taxed at an effective rate of 5.5%). Bank account debits tax and goods and services tax (Australia) are History of taxation in Australia.

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National Australia Bank

National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia (colloquially referred to as "The Big Four") in terms of market capitalisation, earnings and customers.

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New South Wales

New South Wales (commonly abbreviated as NSW) is a state on the east coast of:Australia.

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Norfolk Island

Norfolk Island (Norfuk: Norf'k Ailen) is an external territory of Australia located in the Pacific Ocean between New Zealand and New Caledonia, directly east of Australia's Evans Head and about from Lord Howe Island.

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Northern Territory

The Northern Territory (abbreviated as NT; known formally as the Northern Territory of Australia and informally as the Territory) is an Australian internal territory in the central and central northern regions of Australia.

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Parliament of Australia

The Parliament of Australia (officially the Parliament of the Commonwealth and also known as Federal Parliament) is the legislative body of the federal level of government of Australia.

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Queensland

Queensland (commonly abbreviated as Qld) is a state in northeastern Australia, the second-largest and third-most populous of the Australian states.

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South Australia

South Australia (commonly abbreviated as SA) is a state in the southern central part of Australia.

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Tasmania

Tasmania (palawa kani: lutruwita) is an island state of Australia.

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Taxation in Australia

Income taxes are the most significant form of taxation in Australia, and collected by the federal government through the Australian Taxation Office. Bank account debits tax and taxation in Australia are History of taxation in Australia.

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