Document ID: chunk:federal_register_of_legislation:F2024L00434:body:0:p42
Version: federal_register_of_legislation:F2024L00434
Segment Type: other
Provision Reference: 
Character Range: 156471–161006

are due to employment agencies or labour hire firms for staff.

Payroll tax                                            Refers to a tax levied by state and territory governments on the amount of wages and salaries paid by a business.

                                                       It excludes: pay-as-you-go withholding tax.

Personal investment                                    Refers to personal loans to purchase assets that are expected to maintain or increase in value other than housing.

                                                       It excludes:

                                                              * housing for the purposes of investment; and
                                                              * margin loans.

Personnel expenses                                     Refers to remuneration related expenses incurred during the period.

Per-transaction merchant fees charged                  Means all transaction-based merchant fees charged for acquiring card transactions, whether collected on an ad valorem or flat basis. Include transactions involving cards issued to households or businesses, either in Australia or overseas. Report income from merchants net of rebates and concessions.

Plant and equipment                                    Means any property, plant and equipment asset that is not property.

                                                       Such assets are typically vital to business operations but cannot be easily liquidated.

                                                       It includes:

                                                            * road vehicles;
                                                            * other transport vehicles and equipment;
                                                            * construction and earthmoving equipment;
                                                            * agriculture machinery; and
                                                            * electronic data processing and office equipment.

Postage expenses                                       Refers to expenses related to postage, mailing and courier expenses.  Includes expenses incurred for the picking up, transport, and delivery (domestic or international) of addressed or unaddressed mail, packages and parcels.

                                                       It includes:

                                                            * postage stamps;
                                                            * mailbox rental services;
                                                            * customised express pickup and delivery services; and
                                                            * messenger services.

                                                       It excludes: storage (where this expense can be distinguished from courier expenses).

Preference shares                                      Means a type of equity security that has a priority over dividend payments and to the assets of the company.

Principal amount                                       Means the cash consideration (post‑haircut) on the initial leg of a repo or securities loan contract.

Principal place of residence                           Means the residential property at which an individual resides for the majority of the year.

Property                                               Means land, a building – or part thereof – or both. A building can take the form of a dwelling (or a group of dwellings) or a non-residential building.

Property, plant and equipment                          Has the meaning as in AASB 116 Property, Plant and Equipment (AASB 116).

Property rates and taxes                               Include amounts paid for land tax, municipal rates and metropolitan improvement rates, where:

                                                            * land tax consists of taxes on the ownership of land based on the assess value of the land;
                                                            * municipal rates consist of levies imposed by local government authorities on the assessed value of property for the purpose of financing municipal services. Exclude amounts collected with municipal rates but identified as charges for direct supply of goods and services such as water, sewerage rates and garbage charges; and
                                                            * metropolitan improvement rates consist of levies on property