Renting
This is the upfront payment that helps cover damage to a rental property.
What is a bond?
This is the payment made to buy a car.
What is the purchase price?
This is a person who shares a rented home with you.
What is a roommate or housemate?
This document explains a worker’s job role, duties and required skills.
What is a position description?
This is money collected by the government to fund services such as schools, roads and hospitals.
What is tax?
This regular payment is made to the landlord to live in a property.
What is rent?
This document proves that a car is legally registered to be driven on NSW roads.
What is registration?
This written document can set out how rent, bills and chores will be shared.
What is a housemate agreement?
This is the amount of money earned by an employee before tax is taken out.
What is gross pay?
This is the tax taken from an employee’s pay by their employer.
What is PAYG withholding?
A written agreement outlining the rules and responsibilities of renting.
What is a lease agreement?
This check can reveal whether a used car has money owing on it or has been written off.
What is a PPSR check?
This is the process of checking whether a potential roommate would be suitable and reliable.
What is screening a roommate?
This national system sets minimum workplace conditions for most Australian employees.
What are the National Employment Standards?
This document summarises an employee’s income and tax paid during the financial year.
What is an income statement?
This report records the condition of a property before a tenant moves in.
What is an entry condition report?
This type of insurance covers damage you cause to another person’s vehicle or property.
What is third-party property insurance?
These are regular household costs such as electricity, water, internet and gas.
What are utility bills?
This is the compulsory retirement savings contribution paid by an employer for eligible workers.
What is superannuation?
This is an expense that can reduce a person’s taxable income if it is related to earning their income.
What is a tax deduction?
This state body can help resolve disputes between tenants and landlords in NSW.
What is NSW Fair Trading?
This is the total cost of owning a car, including fuel, insurance, servicing, registration and repairs.
What is the total cost of ownership?
This is the amount each roommate must pay if rent is divided equally between all tenants.
What is each person’s share of the rent?
This type of employment usually has guaranteed hours each week but fewer hours than full-time work.
What is part-time employment?
This government agency administers Australia’s tax system and processes tax returns.
What is the Australian Taxation Office?