Glossary

The NGF is a compensation fund available to meet certain types of claims arising from dealings with Participants of ASX and, in limited circumstances, Participants of ASX Clear.

Borrowing money to invest where the return from the investment is less than the borrowing costs.

Book value of a company's assets divided by the number of shares on issue.

Difference between the open derivatives contracts held long and the open derivatives contracts held short in any one contract.

Calculated as the total assets of a company, minus intangible assets such as goodwill and less all liabilities.

ATO term - The difference between theoretical tax according to the law, and actual tax paid voluntarily or collected as a result of compliance activities.

The difference between the total value of everything you own (assets), and the total value of all of your debts (liabilities).

When recently issued shares do not rank equally with existing shares in terms of dividends.

Mining company not entitled to calls on the unpaid issue price of shares. Such companies are denoted N.L.

Protects you from owing more on your reverse mortgage than your home is worth. The NNEG puts a limit on the amount owed.

A community program that provides interest-free loans for individuals or families on low incomes.

Guides your super fund trustee on who will get your super if you die. The trustee is not bound to follow these instructions.

Assets that the company may not dispose of without the consent of the secured creditor

A security interest held by a secured creditor in non-circulating assets of a company

An income stream that cannot be converted into a lump sum payment.

Non-concessional super contributions are payments you put into your super from your savings or from income you have already paid tax on. They are not taxed when they are received by your super fund.

ATO term - Some errors are not identified in bottom-up methodologies. To fully estimate the gap, we increase the amounts that we do identify to account for amounts we don't. We refer to this increase as an 'uplift factor'. Non-detection is inherently difficult to estimate and we will revise the uplift factors applied as our methodologies improve.

ATO term - Debts to us that have been written off or are currently outstanding.

A type of loan secured by collateral such as property or shares, where if the borrower defaults the lender can only seize the assets put up as collateral for the loan. The lender cannot seek further compensation from the borrower even if the assets used as collateral do not cover the full amount of the loan.

Rights offer that may only be taken up or forfeited, and cannot be traded on the market.

Process undertaken by the clearing house whereby it substitutes itself between the buyer and the seller of a trade, acting as the 'middleman' to guarantee the obligations of each party.