Page tools:
 Print Page
 Print All
| ||||
GLOSSARY Gross cash income net of income tax.
Gross cash income Regular and recurring cash receipts before deduction of income tax. Gross Unincorporated business cash income and Rent are net of operating expenses. Household A group of two or more related or unrelated people who usually reside in the same dwelling, who regard themselves as a household and who make common provision for food or other essentials for living; or a person living in a dwelling who makes provision for his or her own food and other essentials for living without combining with any other person. Household income The sum of the incomes of all persons in a household. It includes regular receipts from employment, own business and from the lending of assets. It also includes transfer income from government, private institutions and other households but excludes intra-household transfers. Income Operationally defined as cash income but conceptually may include non-cash income such as regular in kind receipts. Income unit Two or more people who live together, are related by either a 'couple' or a 'parent/dependent child' relationship and are assumed to be pooling income and sharing consumption and savings; or, any other person who is assumed to have sole command over his or her income, consumption and savings. Incorporated business A business enterprise possessing a separate legal identity from its owners, limiting their liability for any action or inaction of the corporation. The outright owner of an Incorporated business is seen as an employee of that business and their remuneration is classified as Employee income. In kind receipts Receipts other than cash receipts (as defined), including goods and services, use of a vehicle, subsidised housing or other services. Interest Gross receipts accrued from deposits (including term deposits) with financial institutions; receipts (excluding principal repayments) from loans to persons in other households. Mean income The total income received by a group of units divided by the number of units in the group. Median income That level of income which divides the units in a group into two equal parts, one half having incomes above the median and the other half having incomes below the median. Negative income The loss incurred by an unincorporated enterprise or from rental property when the operating expenses and depreciation exceed the gross receipts. Operating expenses The expenses incurred in deriving income from an unincorporated enterprise or rental property, including wages and salaries paid to employees, interest paid, rent paid, indirect taxes, and repairs and maintenance. Other cash income Cash income derived from sources other than employment, own unincorporated business and Government cash pensions and allowances. The category includes Property cash income, Superannuation/annuities, Transfers from private organisations, Transfers from other households, Scholarships and all other regular transfer payments. Other government cash pensions and allowances Government cash pensions and allowances other than those included in the categories Allowances for students and the unemployed and Centrelink pensions for the aged and persons with a disability, including pensions and allowances from the Department of Veterans' Affairs and from overseas governments. Other property cash income Gross receipts from lending of assets other than Rent, Interest, Dividends and Royalties, etc. in the previous financial year. Payments to students and the unemployed Gross, usual cash receipts paid through Centrelink income support programs to persons entitled to such support by virtue of their unemployed or student status Personal interview A collection method where the interviewer collects information from the person to whom it pertains rather than from a reference person or spokesperson. Principal source of cash income That source from which a person, income unit, family or household receives the greatest amount of cash income. Profit/loss The net receipts of an enterprise after deducting operating expenses and the value of depreciation of assets used in production. The concept also applies to income from rental properties. Property cash income Receipts accruing as a result of ownership of assets. It comprises returns from financial assets (interest, dividends), from physical assets (rents) and from intellectual assets (royalties). Quantile A grouping derived by ranking all units in the population in ascending order according to some continuous variable such as their income and dividing the ranked population into equal groups, each comprising a given equal percentage of the population. Question module A set of questions designed to collect data for the measurement of a particular variable or group of related variables. Quintile A grouping derived by ranking all units in the population in ascending order according to some continuous variable such as their income and dividing the ranked population into five equal groups, each comprising 20% of the population. Rental income Profit or loss from rental properties after expenses. Royalties Cash payments paid to the owners of intellectual property rights in return for the right to use the intellectual property. Scholarship Regular payments to students other than those paid as part of a government income support program, i.e. Youth Allowance, Austudy and ABSTUDY. Includes scholarships provided by government funded educational institutions. Sequence guide A device used in some questionnaires to guide the interviewer (or respondent) past any question(s) that do not apply to the respondent of whom the information is being collected. Sources of cash income The variable that classifies units according to the sources from which their income is received. Superannuation/annuities Regular cash receipts from superannuation funds and other retirement investment plans. Total cash income The sum of amounts of cash income from wages, salary, all government pensions and allowances, interest, dividends, superannuation, profit/loss from own business or rental property, and any other regular source reported received by a unit for the applicable reference period in response to one or more questions. Transfers Cash receipts which are not paid as a return for labour or the use of capital. They include Government pensions and allowances and transfers from private organisations and other households. Transfers from private organisations Transfers from organisations other than those from government departments under income support and related programs, comprising:
Transfers from other households Transfers from private individuals usually resident in households other than the recipient's, comprising:
Unincorporated business A business enterprise that does not possess a separate legal identity from its owners, who bear full liability for any action or inaction of the business. The outright owner(s) of an Unincorporated business (and their household(s)) are seen to receive whatever profit or loss occurs during the reference period as income. Unincorporated business cash income The profit or loss that accrues to owners of, or partners in, unincorporated enterprises. Profit/loss consists of the value of gross output of the enterprise after the deduction of operating expenses (including depreciation). Losses occur when operating expenses are greater than gross receipts and are treated as negative income.
|
||||