{"meta":{"name":"Rules Mate corpus","license":"CC BY 4.0","attribution":"Rules Mate (https://rulesmate.com.au)","generated_at":"2026-07-26T22:47:39.426Z","counts":{"obligations":399,"regulators":179,"enforcement_actions":235,"topics":12,"industries":35,"jurisdictions":9,"entity_types":15,"glossary":120,"acts_curated":113},"notes":"Every entry links to its primary regulator source. We summarise; we do not republish full statutory text. We never scrape AustLII."},"glossary":[{"slug":"abn","term":"ABN (Australian Business Number)","short_definition":"11-digit identifier for entities carrying on a business or enterprise in Australia.","full_definition":"An Australian Business Number is an 11-digit identifier issued by the ATO (via ABRS) to entities that are carrying on an enterprise. Required for invoicing, GST registration, and avoiding 47% PAYG withholding on payments. Public lookup via abn.business.gov.au.","related_obligation_slugs":["abn-application"],"related_regulator_slugs":["abrs","ato"]},{"slug":"afsl","term":"AFSL (Australian Financial Services Licence)","short_definition":"Licence required to provide financial services to Australian retail and wholesale clients.","full_definition":"An AFSL is issued by ASIC under Chapter 7 of the Corporations Act 2001. AFSL holders must comply with 10 general obligations under s 912A — efficient/honest/fair conduct, conflict management, adequate resources, competence, training, risk management, and dispute resolution. Authorised representatives (ARs) act under an AFSL holder's authority.","related_obligation_slugs":["afsl-general-obligations-912a","afsl-pi-insurance-rg-126","afsl-rep-authorisations"],"related_regulator_slugs":["asic"]},{"slug":"aml-ctf","term":"AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing)","short_definition":"Federal regime requiring reporting entities to detect and report financial crime.","full_definition":"The AML/CTF Act 2006 (Cwlth) regulates Australian businesses that provide 'designated services' — banking, securities, gambling, remittance, digital currency, and (from 1 July 2026) Tranche 2 sectors including real estate, accounting, legal, conveyancing, TCSPs and precious metals dealers. Administered by AUSTRAC.","related_obligation_slugs":["aml-ctf-enrolment","aml-ctf-program","cdd","smr-ttr-reporting"],"related_regulator_slugs":["austrac"]},{"slug":"anzsic","term":"ANZSIC (Australian and New Zealand Standard Industrial Classification)","short_definition":"Statistical classification of business activity used by the ABS.","full_definition":"ANZSIC codes are used to classify business activities for statistical, regulatory and procurement purposes. Rules Mate uses ANZSIC to map industries to applicable obligations and regulators.","related_regulator_slugs":[]},{"slug":"app","term":"APP (Australian Privacy Principles)","short_definition":"13 principles under the Privacy Act 1988 governing handling of personal information.","full_definition":"The APPs run from collection (APP 1–5), through use and disclosure (APP 6–9), data quality and security (APP 10–11), to individual rights (APP 12–13). All APP entities (Australian government agencies, organisations with turnover >$3M, plus carve-ins) must comply. Removing the small business exemption was a Privacy Act Review recommendation the Government agreed to in principle, but it is deferred to a future reform tranche — not yet law, with no commencement date.","related_obligation_slugs":["privacy-policy","ndb-notification","app-5-collection-notice","app-8-cross-border","app-12-13-access-correction"],"related_regulator_slugs":["oaic"]},{"slug":"apra","term":"APRA (Australian Prudential Regulation Authority)","short_definition":"Prudential regulator of banks, insurers and super trustees.","full_definition":"APRA was established in 1998 to supervise the financial soundness of authorised deposit-taking institutions (ADIs), insurers (general, life, private health), and superannuation trustees. Issues prudential standards (CPS series) and has enforcement powers including additional capital requirements and licence conditions.","related_obligation_slugs":["cps-234-information-security","cps-230-operational-risk","far-accountability"],"related_regulator_slugs":["apra"]},{"slug":"asrs","term":"ASRS (Australian Sustainability Reporting Standards)","short_definition":"Mandatory climate-related financial disclosure standards (AASB S2).","full_definition":"ASRS standards (AASB S2 for climate, AASB S1 for general sustainability) apply progressively from FY commencing on/after 1 January 2025 (Group 1: turnover ≥$500M or assets ≥$1B), 1 July 2026 (Group 2), and 1 July 2027 (Group 3). Cover governance, strategy, risk management, metrics & targets, and Scope 1/2/3 emissions.","related_obligation_slugs":["asrs-climate-disclosure"],"related_regulator_slugs":["asic","cer"]},{"slug":"austrac","term":"AUSTRAC","short_definition":"Australia's AML/CTF regulator and financial intelligence unit.","full_definition":"The Australian Transaction Reports and Analysis Centre administers the AML/CTF Act, collects SMR/TTR/IFTI reports, and is Australia's financial intelligence unit. Major civil penalty enforcement under the AML/CTF Act includes Westpac ($1.3B), Crown ($450M), Tabcorp ($45M), and Sportsbet ($19M).","related_obligation_slugs":["aml-ctf-enrolment","smr-ttr-reporting"],"related_regulator_slugs":["austrac"]},{"slug":"bas","term":"BAS (Business Activity Statement)","short_definition":"Consolidated tax reporting form for GST, PAYG and other federal taxes.","full_definition":"GST-registered entities lodge BAS monthly, quarterly or annually as the ATO assigns. The BAS consolidates GST, PAYG withholding, PAYG instalments, FBT instalments and other tax obligations. Quarterly deadline: 28th of the month following quarter end.","related_obligation_slugs":["bas-lodgement","gst-registration"],"related_regulator_slugs":["ato"]},{"slug":"bose","term":"BOSE (Basic Online Safety Expectations)","short_definition":"Standards under the Online Safety Act 2021 for online service providers.","full_definition":"The BOSE Determination sets out expectations for social media, designated internet services, internet carriage services, app distribution services, equipment manufacturers, hosting services, and search engines providing services to Australian end-users. Administered by the eSafety Commissioner. Non-response to BOSE notices attracts ~$960K infringement notices (recent X Corp, Telegram cases).","related_obligation_slugs":["online-safety-boe"],"related_regulator_slugs":["ic-australia"]},{"slug":"carf","term":"CARF (Crypto-Asset Reporting Framework)","short_definition":"OECD framework for crypto-asset reporting; Australia implements 2026-2027.","full_definition":"CARF requires Crypto-Asset Service Providers (CASPs) — exchanges, brokers, OTC desks — to collect customer information and report transactions to the ATO for automatic exchange with foreign tax authorities. Aligns with FATF travel rule implementation.","related_obligation_slugs":["carf-crypto-reporting"],"related_regulator_slugs":["ato","austrac"]},{"slug":"cdd","term":"CDD (Customer Due Diligence)","short_definition":"Identity verification + risk assessment of customers under AML/CTF.","full_definition":"CDD obligations under the AML/CTF Act require reporting entities to identify and verify customers (and beneficial owners) before providing designated services. Includes ongoing CDD to monitor for changes, enhanced due diligence (EDD) for high-risk customers, and simplified due diligence (SDD) for limited low-risk categories.","related_obligation_slugs":["cdd","aml-ctf-program"],"related_regulator_slugs":["austrac"]},{"slug":"cps-230","term":"CPS 230 (Operational Risk Management)","short_definition":"APRA prudential standard for operational risk + third-party management.","full_definition":"In force from 1 July 2025 (transitional through 30 June 2026), CPS 230 replaces CPS 231 (outsourcing) and CPS 232 (business continuity). APRA-regulated entities must identify critical operations, set tolerance levels, maintain a register of material service providers, manage concentration risk, and conduct testing.","related_obligation_slugs":["cps-230-operational-risk"],"related_regulator_slugs":["apra"]},{"slug":"cps-234","term":"CPS 234 (Information Security)","short_definition":"APRA standard requiring information security capability.","full_definition":"CPS 234 (in force since 1 July 2019) requires APRA-regulated entities to clearly define information security roles, maintain capability commensurate with vulnerabilities/threats, implement controls, and notify APRA within 72 hours of a material information security incident. Medibank received a $250M capital increase in 2023 following CPS 234-related concerns.","related_obligation_slugs":["cps-234-information-security"],"related_regulator_slugs":["apra"]},{"slug":"cricos","term":"CRICOS (Commonwealth Register of Institutions and Courses for Overseas Students)","short_definition":"Registration required to offer education to overseas students.","full_definition":"CRICOS is administered jointly by ASQA (VET) and TEQSA (higher ed). Providers must comply with the ESOS Act and National Code 2018 covering marketing, written agreements, course progress, complaints and transfers. Significant compliance tightening from January 2025.","related_obligation_slugs":["cricos-registration"],"related_regulator_slugs":["asqa","teqsa"]},{"slug":"ddo","term":"DDO (Design and Distribution Obligations)","short_definition":"Issuer + distributor obligations for retail financial products + credit.","full_definition":"Part 7.8A of the Corporations Act (in force since October 2021) requires issuers and distributors to make a Target Market Determination (TMD) for retail financial products and credit products, distribute consistently with the TMD, report significant dealings inconsistent with it, and review periodically.","related_obligation_slugs":["ddo"],"related_regulator_slugs":["asic"]},{"slug":"dgr","term":"DGR (Deductible Gift Recipient)","short_definition":"ATO endorsement enabling tax-deductible donations.","full_definition":"DGR endorsement under Subdivision 30-B of the ITAA 1997 allows donors to claim tax deductions for gifts. Categories include public benevolent institutions, registered charities, scholarship funds, school building funds and others. From 2024 reforms, most DGRs must be ACNC-registered. Annual self-review introduced from 1 July 2024.","related_obligation_slugs":["dgr-endorsement-maintenance"],"related_regulator_slugs":["ato","acnc"]},{"slug":"director-id","term":"Director ID (Director Identification Number)","short_definition":"Permanent 15-digit identifier for company directors.","full_definition":"Issued by ABRS under the Corporations Act, the Director ID verifies the identity of company directors. Required for all directors of companies registered under the Corporations Act 2001 and CATSI Act corporations. First criminal conviction (October 2024) signalled enforcement era.","related_obligation_slugs":["director-id"],"related_regulator_slugs":["abrs","asic"]},{"slug":"edd","term":"EDD (Enhanced Due Diligence)","short_definition":"Higher-tier customer due diligence for high-risk customers under AML/CTF.","full_definition":"EDD applies when customer risk is elevated — PEPs, foreign customers from high-risk jurisdictions, complex structures, adverse media. Requires deeper inquiries into source of funds/wealth, senior-management approval, and ongoing enhanced monitoring.","related_obligation_slugs":["cdd"],"related_regulator_slugs":["austrac"]},{"slug":"essential-eight","term":"Essential Eight","short_definition":"ASD baseline cyber security strategy — 8 mitigation strategies, ML0 to ML3.","full_definition":"ASD's Essential Eight is the foundational cyber security baseline for Australian organisations: application control, patch applications, configure Microsoft Office, user application hardening, restrict admin privileges, patch OS, MFA, regular backups. Maturity assessed at ML0 (none) through ML3 (state-level threats). RFFR contracts require ML2.","related_obligation_slugs":["essential-eight-ml2"],"related_regulator_slugs":["asd"]},{"slug":"fbt","term":"FBT (Fringe Benefits Tax)","short_definition":"Tax on non-cash benefits employers provide to employees.","full_definition":"FBT applies at 47% to the grossed-up value of fringe benefits provided by employers (cars, expense payments, LAFHA, entertainment, salary packaging, etc.). FBT year runs 1 April – 31 March; return due 21 May. Electric Car Discount provides FBT exemption for eligible EVs below the fuel-efficient LCT threshold.","related_obligation_slugs":["fbt-return","fbt-electric-vehicle-exemption"],"related_regulator_slugs":["ato"]},{"slug":"far","term":"FAR (Financial Accountability Regime)","short_definition":"Executive accountability regime for banking, insurance and super.","full_definition":"FAR extends BEAR-style accountability across financial services. Banking entities since 15 March 2024; insurance + super trustees since 15 March 2025. Requires registered accountable persons, accountability statements + maps, deferred remuneration and breach reporting to ASIC + APRA.","related_obligation_slugs":["far-accountability"],"related_regulator_slugs":["apra","asic"]},{"slug":"firb","term":"FIRB (Foreign Investment Review Board)","short_definition":"Advisory body screening foreign investment in Australian assets.","full_definition":"FIRB reviews proposed foreign investments and makes recommendations to the Treasurer under the Foreign Acquisitions and Takeovers Act 1975. Thresholds vary by investor type, asset class and FTA status. National security review under Part 3 was enhanced post-2021.","related_obligation_slugs":["firb-notification"],"related_regulator_slugs":[]},{"slug":"fwc","term":"FWC (Fair Work Commission)","short_definition":"National workplace relations tribunal.","full_definition":"The Fair Work Commission sets modern awards and the national minimum wage, conducts the Annual Wage Review, resolves unfair dismissal and general protections claims, registers enterprise agreements, and makes stop orders for bullying and right-to-disconnect.","related_obligation_slugs":["modern-award-compliance","right-to-disconnect"],"related_regulator_slugs":["fwc"]},{"slug":"gst","term":"GST (Goods and Services Tax)","short_definition":"10% federal value-added tax on most supplies.","full_definition":"GST applies at 10% to most supplies of goods, services, and other things in Australia. Businesses must register when GST turnover reaches $75K ($150K for NFPs, any amount for ride-share/taxis). Registered entities charge GST on taxable supplies and claim input tax credits on creditable acquisitions; net position reported via BAS.","related_obligation_slugs":["gst-registration","bas-lodgement"],"related_regulator_slugs":["ato"]},{"slug":"hesf","term":"HESF (Higher Education Standards Framework)","short_definition":"TEQSA-administered threshold standards for higher education providers.","full_definition":"The Threshold Standards 2021 are the minimum requirements for registration as a higher education provider. 7 domains: student participation/attainment, learning environment, teaching, research, institutional quality assurance, governance, registration.","related_obligation_slugs":["hesf-standards"],"related_regulator_slugs":["teqsa"]},{"slug":"ifti","term":"IFTI (International Funds Transfer Instruction)","short_definition":"AML/CTF report for international funds movement.","full_definition":"An IFTI report is filed via AUSTRAC Online by reporting entities that send or receive funds across borders. Lodgement within 10 business days. Failure to lodge IFTIs was a central element in the Westpac $1.3B penalty (over 19.5M unreported IFTIs).","related_obligation_slugs":["smr-ttr-reporting"],"related_regulator_slugs":["austrac"]},{"slug":"ndb","term":"NDB (Notifiable Data Breach)","short_definition":"Privacy Act scheme requiring notification of eligible data breaches.","full_definition":"Part IIIC of the Privacy Act requires APP entities to assess (within 30 days) and notify (as soon as practicable) the OAIC + affected individuals of eligible data breaches — unauthorised access, disclosure or loss of personal information likely to cause serious harm.","related_obligation_slugs":["ndb-notification"],"related_regulator_slugs":["oaic"]},{"slug":"nger","term":"NGER (National Greenhouse and Energy Reporting)","short_definition":"Mandatory federal scheme for emissions + energy reporting.","full_definition":"The NGER Act 2007 requires registered corporations meeting thresholds (50K tCO2-e corporate group, or 25K facility) to report greenhouse emissions and energy production/consumption annually by 31 October. Feeds the Safeguard Mechanism for facilities >100K tCO2-e.","related_obligation_slugs":["nger-reporting","nger-energy-thresholds","safeguard-mechanism"],"related_regulator_slugs":["cer"]},{"slug":"ndis-commission","term":"NDIS Quality and Safeguards Commission","short_definition":"National regulator of NDIS providers and workers.","full_definition":"The NDIS Commission registers providers, administers Practice Standards, oversees worker screening, and enforces the Code of Conduct. Reportable incidents (death, serious injury, abuse, neglect, sexual misconduct, unauthorised restrictive practices) require notification within 24 hours.","related_obligation_slugs":["ndis-practice-standards","ndis-reportable-incident","ndis-worker-screening"],"related_regulator_slugs":["ndis-commission"]},{"slug":"oaic","term":"OAIC (Office of the Australian Information Commissioner)","short_definition":"Federal privacy + FOI regulator.","full_definition":"The OAIC administers the Privacy Act 1988 (incl. APPs and NDB scheme), Freedom of Information Act, credit reporting, and the Consumer Data Right (jointly with ACCC). Civil penalty proceedings under the post-2022 regime are now active (Medibank, Australian Clinical Labs).","related_obligation_slugs":["ndb-notification","privacy-policy"],"related_regulator_slugs":["oaic"]},{"slug":"ote","term":"OTE (Ordinary Time Earnings)","short_definition":"Earnings on which super guarantee was payable (pre-Payday Super).","full_definition":"OTE under the SG Act includes ordinary hours worked + commission + shift loading + some allowances. Excludes overtime and most salary sacrifice. From 1 July 2026, OTE is replaced by Qualifying Earnings (QE) for Payday Super — a broader base that includes salary sacrifice.","related_obligation_slugs":["payday-super"],"related_regulator_slugs":["ato"]},{"slug":"payday-super","term":"Payday Super","short_definition":"From 1 July 2026, super must be paid on every payday (not quarterly).","full_definition":"Payday Super requires employers to pay super contributions within 7 business days of each payday at 12% of Qualifying Earnings. STP transmits new QE and Super Liability fields; ATO data-matches against fund receipts near real-time. SBSCH decommissions 1 July 2026.","related_obligation_slugs":["payday-super"],"related_regulator_slugs":["ato"]},{"slug":"ppl","term":"PPL (Paid Parental Leave)","short_definition":"Government-funded parental leave at minimum wage.","full_definition":"The federal PPL scheme provides government-funded leave at the national minimum wage. Expanding to 26 weeks by 1 July 2026. From 1 July 2025, super guarantee paid on government PPL.","related_obligation_slugs":["paid-parental-leave-26-weeks"],"related_regulator_slugs":["ato"]},{"slug":"qe","term":"QE (Qualifying Earnings)","short_definition":"Earnings base for super guarantee under Payday Super.","full_definition":"From 1 July 2026, QE replaces OTE for super guarantee. QE includes ordinary hours, commission, shift loadings, some allowances, AND salary-sacrifice amounts (which OTE excluded). Reported via STP per pay event.","related_obligation_slugs":["payday-super"],"related_regulator_slugs":["ato"]},{"slug":"rffr","term":"RFFR (Right Fit For Risk)","short_definition":"Federal cyber security requirement for OFFICIAL: Sensitive contracts.","full_definition":"RFFR requires federal subcontractors handling OFFICIAL: Sensitive data to meet Essential Eight Maturity Level 2 plus ASD ISM controls, validated by an IRAP-endorsed assessor. Annual reassessment typical.","related_obligation_slugs":["essential-eight-ml2"],"related_regulator_slugs":["asd"]},{"slug":"rg-271","term":"RG 271 (Internal Dispute Resolution)","short_definition":"ASIC regulatory guide setting binding IDR standards for financial firms.","full_definition":"RG 271 binds AFSL/ACL holders and super trustees on internal dispute resolution: 24-hour acknowledgement, prescribed response timeframes (typically 30 days), specific complaint definition (includes social media), and IDR data reporting to ASIC.","related_obligation_slugs":["asic-rg-271-internal-dispute-resolution"],"related_regulator_slugs":["asic","afca"]},{"slug":"sg","term":"SG (Superannuation Guarantee)","short_definition":"Mandatory employer super contribution — 12% of OTE / QE.","full_definition":"The Superannuation Guarantee Administration Act 1992 requires employers to contribute to their employees' super at 12% of OTE (until 30 June 2026) or QE (from 1 July 2026 under Payday Super). Late or missed contributions trigger SGC (Superannuation Guarantee Charge) — interest, admin uplift, and potential further penalties.","related_obligation_slugs":["payday-super"],"related_regulator_slugs":["ato"]},{"slug":"sirs","term":"SIRS (Serious Incident Response Scheme)","short_definition":"Aged care + NDIS regimes for notification of serious incidents.","full_definition":"Aged care SIRS (since 2021, continued under the Aged Care Act 2024) requires notification of 8 reportable incident types within 24 hours for Priority 1. NDIS has a parallel reportable-incident scheme also requiring 24-hour notification for serious matters.","related_obligation_slugs":["aged-care-sirs","ndis-reportable-incident"],"related_regulator_slugs":["aged-care-quality","ndis-commission"]},{"slug":"smr","term":"SMR (Suspicious Matter Report)","short_definition":"AML/CTF report when an entity forms a suspicion about a customer or transaction.","full_definition":"Lodged via AUSTRAC Online within 3 business days of forming a suspicion (24 hours for terrorism financing). Tipping-off offence prohibits informing the customer that an SMR has been lodged.","related_obligation_slugs":["smr-ttr-reporting"],"related_regulator_slugs":["austrac"]},{"slug":"soci","term":"SOCI (Security of Critical Infrastructure)","short_definition":"Federal regime for cyber + physical resilience of critical infrastructure.","full_definition":"The Security of Critical Infrastructure Act 2018 captures 11 sectors. Captured entities must register, adopt a CIRMP, conduct annual board-approved CIRMP reviews, and notify ASD of significant cyber incidents within 12 hours (other reportable: 72 hours).","related_obligation_slugs":["soci-cyber-incident-reporting","soci-rmp"],"related_regulator_slugs":["home-affairs-soci","asd"]},{"slug":"stp","term":"STP (Single Touch Payroll)","short_definition":"ATO real-time payroll reporting.","full_definition":"STP Phase 2 is the standard reporting method — disaggregated gross income, income types, allowances, deductions, plus employment basis and tax treatment codes. From 1 July 2026, STP carries new Qualifying Earnings and Super Liability fields for Payday Super.","related_obligation_slugs":["stp-phase-2"],"related_regulator_slugs":["ato"]},{"slug":"tasa","term":"TASA (Tax Agent Services Act 2009)","short_definition":"Federal regime for tax + BAS agents.","full_definition":"Administered by the Tax Practitioners Board, TASA sets registration, qualification and Code of Professional Conduct requirements for tax agents, BAS agents and tax (financial) advisers. The Code was significantly expanded from 1 January 2025 with new breach-reporting and false-and-misleading-statement obligations.","related_obligation_slugs":["tpb-registration","tax-agent-services-code"],"related_regulator_slugs":["tpb"]},{"slug":"tcsps","term":"TCSPs (Trust and Company Service Providers)","short_definition":"Entities providing trust + company formation as a service — captured by Tranche 2 AML.","full_definition":"TCSPs are entities that provide trust or company formation, registered agent, nominee director, or nominee shareholder services. From 1 July 2026 they are captured by AML/CTF Tranche 2 reforms.","related_obligation_slugs":["aml-ctf-enrolment","aml-ctf-program"],"related_regulator_slugs":["austrac","asic"]},{"slug":"tfn","term":"TFN (Tax File Number)","short_definition":"Personal or entity tax identifier issued by the ATO.","full_definition":"TFNs identify taxpayers for federal tax purposes. Individual TFNs are personal; non-individual TFNs (companies, trusts, partnerships, super funds) are obtained via the ABN application process. Without a TFN, certain payments suffer 47% withholding.","related_obligation_slugs":["tfn-application","abn-application"],"related_regulator_slugs":["ato"]},{"slug":"tmd","term":"TMD (Target Market Determination)","short_definition":"Required statement under DDO setting the target market for a financial product.","full_definition":"Issuers of retail financial products must make a TMD that identifies the class of consumers the product is appropriate for. Distributors must distribute consistently with the TMD. Reviews triggered periodically and on trigger events. Significant dealings inconsistent with TMD must be reported to ASIC.","related_obligation_slugs":["ddo"],"related_regulator_slugs":["asic"]},{"slug":"ttr","term":"TTR (Threshold Transaction Report)","short_definition":"AML/CTF report for cash transactions of $10,000+.","full_definition":"Lodged via AUSTRAC Online within 10 business days for any cash transaction (or designated service involving cash) of $10,000 AUD or more (or foreign currency equivalent).","related_obligation_slugs":["smr-ttr-reporting"],"related_regulator_slugs":["austrac"]},{"slug":"uct","term":"UCT (Unfair Contract Terms)","short_definition":"Regime under the ACL + ASIC Act prohibiting unfair terms in standard form contracts.","full_definition":"From 9 November 2023, the UCT regime carries pecuniary penalties — up to $50M / 30% turnover per unfair term. Applies to standard form contracts with consumers and small businesses (<100 employees or <$10M turnover). Each unfair term can be a separate contravention.","related_obligation_slugs":["unfair-contract-terms"],"related_regulator_slugs":["accc","asic"]},{"slug":"vevo","term":"VEVO (Visa Entitlement Verification Online)","short_definition":"Department of Home Affairs system for verifying visa work rights.","full_definition":"VEVO lets employers verify visa status and work rights for non-citizens in real time. Section 245AK of the Migration Act makes it an offence to allow non-citizens to work in breach of visa conditions. Employer sponsor obligations enhanced from 1 July 2024.","related_obligation_slugs":["vevo-check"],"related_regulator_slugs":["home-affairs-soci"]},{"slug":"wgea","term":"WGEA (Workplace Gender Equality Agency)","short_definition":"Administers the gender equality reporting regime for 100+ employee businesses.","full_definition":"WGEA administers the Workplace Gender Equality Act 2012. Non-public-sector employers with 100+ employees report annually by 31 May. Since the 2023 amendments, WGEA publishes employer-level gender pay gaps. Non-compliance makes the entity ineligible for Commonwealth contracts.","related_obligation_slugs":["wgea-reporting","wgea-employer-statement-gap"],"related_regulator_slugs":["wgea"]},{"slug":"whs","term":"WHS (Work Health and Safety)","short_definition":"Harmonised model legislation for workplace safety.","full_definition":"Model WHS laws are adopted (with variations) in all states/territories. Primary duty on PCBUs (s 19) to ensure safety so far as reasonably practicable. Industrial manslaughter offences now operate in most jurisdictions (Vic, NSW, Qld, WA, ACT, NT, SA). Cat 1/2/3 framework underpins enforcement.","related_obligation_slugs":["whs-primary-duty-vic","whs-primary-duty-nsw","whs-primary-duty-qld","whs-primary-duty-wa","psychosocial-hazards"],"related_regulator_slugs":["safe-work-australia","worksafe-vic","safework-nsw","whs-qld"]},{"slug":"abr","term":"ABR (Australian Business Register)","short_definition":"Federal registry of ABN-issued entities.","full_definition":"Australian Business Register is the database underpinning the ABN system. Public lookup at abn.business.gov.au. Operated by ABRS (within the ATO).","related_regulator_slugs":["abrs","ato"]},{"slug":"afsa","term":"AFSA (Australian Financial Security Authority)","short_definition":"Federal personal insolvency + PPSR regulator.","full_definition":"Administers Bankruptcy Act 1966 personal insolvency regime + Personal Property Securities Register (PPSR).","related_regulator_slugs":["afsa"]},{"slug":"acl","term":"ACL (Australian Consumer Law)","short_definition":"Schedule 2 of the CCA — national consumer protection law.","full_definition":"Consumer guarantees, unfair contract terms (penalty regime from 9 Nov 2023), product safety, misleading conduct (s 18), unconscionable conduct (s 21). Administered by ACCC + state Fair Trading.","related_regulator_slugs":["accc"]},{"slug":"afca","term":"AFCA (Australian Financial Complaints Authority)","short_definition":"Sole AU external dispute resolution scheme for financial services.","full_definition":"Free EDR scheme for consumers + small business with financial services/credit/super/insurance complaints. AFSL + ACL + RSE licence holders must be members. Monetary jurisdiction $5.5M+ for most disputes.","related_regulator_slugs":["afca"]},{"slug":"aer","term":"AER (Australian Energy Regulator)","short_definition":"National energy market regulator.","full_definition":"Regulates electricity + gas networks, retail authorisations, wholesale markets. Administers National Energy Retail Law.","related_regulator_slugs":["ic-aer"]},{"slug":"aemo","term":"AEMO (Australian Energy Market Operator)","short_definition":"National energy market operator.","full_definition":"Operates the NEM (electricity) + gas markets + system planning. Different from AER (rule-maker) + AEMC (rule-making body).","related_regulator_slugs":["aemo"]},{"slug":"an-acc","term":"AN-ACC (Australian National Aged Care Classification)","short_definition":"Residential aged care funding classification.","full_definition":"13-category classification by independent assessors determining per-resident funding from 1 October 2022. Replaces ACFI.","related_obligation_slugs":["aged-care-funding-an-acc"],"related_regulator_slugs":["aged-care-quality"]},{"slug":"arnecc","term":"ARNECC (Australian Registrars' National Electronic Conveyancing Council)","short_definition":"Inter-jurisdictional body governing e-conveyancing rules.","full_definition":"Sets the Model Operating Requirements + Model Participation Rules for Electronic Lodgement Network Operators (PEXA, Sympli).","related_obligation_slugs":["pexa-mandatory-electronic-conveyancing"]},{"slug":"bear","term":"BEAR (Banking Executive Accountability Regime)","short_definition":"Predecessor to FAR for banking — superseded 15 March 2024.","full_definition":"Banking Executive Accountability Regime under Banking Act 1959, in force 2018. Replaced by FAR Act 2023 for banking from 15 March 2024.","related_obligation_slugs":["far-accountability"],"related_regulator_slugs":["apra"]},{"slug":"bid","term":"BID (Best Interests Duty)","short_definition":"Mortgage broker statutory duty to act in client's best interests.","full_definition":"Section 158LA NCCP Act. Mortgage brokers must act in consumer's best interests + prioritise consumer's interests if there's a conflict. RG 273 provides guidance.","related_obligation_slugs":["best-interests-duty-brokers"]},{"slug":"bnpl","term":"BNPL (Buy Now Pay Later)","short_definition":"Captured by NCCP from 10 June 2025.","full_definition":"BNPL captured by NCCP as Low Cost Credit Contracts from 10 June 2025. Providers need ACL + modified responsible lending.","related_obligation_slugs":["bnpl-credit-licence"]},{"slug":"cdr","term":"CDR (Consumer Data Right)","short_definition":"Federal data portability framework — banking + energy active.","full_definition":"Pt IVD CCA 2010. Banking from July 2020; energy from late 2022; telecom + non-bank lending in scope. Data holders share data on consumer authorisation; accredited recipients face Privacy Safeguards.","related_obligation_slugs":["consumer-data-right-participation","open-banking-major-banks-cdr"],"related_regulator_slugs":["accc","oaic"]},{"slug":"cps-220","term":"CPS 220 (Risk Management)","short_definition":"APRA prudential standard for risk management framework.","full_definition":"Requires APRA-regulated entities to have a Board-approved Risk Management Framework + annual board attestation.","related_obligation_slugs":["cps-220-risk-management"],"related_regulator_slugs":["apra"]},{"slug":"cor","term":"CoR (Chain of Responsibility)","short_definition":"HVNL primary safety duty across the heavy vehicle supply chain.","full_definition":"Heavy Vehicle National Law primary duty (s 26C) on every party in the supply chain — consignors, packers, loaders, schedulers, operators, drivers, consignees.","related_obligation_slugs":["chain-of-responsibility"],"related_regulator_slugs":["nhvr"]},{"slug":"ccr","term":"CCR (Comprehensive Credit Reporting)","short_definition":"Mandatory CCR contribution by major banks (from 2018-2019).","full_definition":"Treasury Laws Amendment (Mandatory Comprehensive Credit Reporting) Act 2020. Major banks (and post-2021 all credit providers) must contribute positive + negative credit data including repayment history.","related_obligation_slugs":["credit-reporting-part-iiia"],"related_regulator_slugs":["oaic"]},{"slug":"cwc","term":"CWC (Charitable Fundraising — state)","short_definition":"State charitable fundraising authority requirement.","full_definition":"Each state requires authorisation for public fundraising. ACNC registration does not displace state authority requirements.","related_obligation_slugs":["charitable-fundraising-nsw","charitable-fundraising-vic"]},{"slug":"dgr","term":"DGR (Deductible Gift Recipient)","short_definition":"ATO endorsement enabling tax-deductible donations.","full_definition":"Subdivision 30-B ITAA 1997. Categories include PBI, charities, scholarship funds. From 2024 — most DGRs must be ACNC-registered. Annual self-review introduced 1 July 2024.","related_obligation_slugs":["dgr-endorsement-maintenance"],"related_regulator_slugs":["ato","acnc"]},{"slug":"dpn","term":"DPN (Director Penalty Notice)","short_definition":"ATO mechanism making directors personally liable for unpaid PAYG, GST, SG.","full_definition":"Subdiv 269-B Schedule 1 TAA. Standard DPN (21 days to remit by paying or entering liquidation/admin), Lockdown DPN (liability already crystallised if reporting >3 months overdue).","related_obligation_slugs":["director-penalty-notice"],"related_regulator_slugs":["ato"]},{"slug":"elns","term":"ELN (Electronic Lodgement Network)","short_definition":"E-conveyancing platforms (PEXA + Sympli).","full_definition":"ELNs are platforms approved under the Model Operating Requirements to facilitate electronic lodgement of property transactions.","related_obligation_slugs":["pexa-mandatory-electronic-conveyancing"]},{"slug":"epbc","term":"EPBC (Environment Protection and Biodiversity Conservation)","short_definition":"Federal environmental approval regime.","full_definition":"EPBC Act 1999. Actions likely to significantly impact MNES require federal approval. Subject to comprehensive 2024-2025 reform package.","related_obligation_slugs":["epbc-act-controlled-actions"]},{"slug":"esos","term":"ESOS (Education Services for Overseas Students)","short_definition":"Federal regulation of international student education.","full_definition":"ESOS Act 2000 + National Code 2018 + CRICOS registration + Tuition Protection Service. Substantial 2025 reforms.","related_obligation_slugs":["cricos-registration","esos-tuition-protection"]},{"slug":"evp","term":"EVP (Eligible Visa Programme — VEVO)","short_definition":"Employer visa entitlement verification via VEVO.","full_definition":"VEVO checks confirm a non-citizen's visa work entitlements at hire + during employment.","related_obligation_slugs":["vevo-check","vevo-employer-verification"]},{"slug":"fasea","term":"FASEA (Financial Adviser Standards) — now in Corporations Act","short_definition":"Education + ethics standards for relevant providers under s 921B.","full_definition":"Originally Financial Adviser Standards and Ethics Authority (2017-2021); FASEA standards now embedded in Corporations Act s 921B + FAR.","related_obligation_slugs":["fasea-corporations-act-921b"],"related_regulator_slugs":["asic"]},{"slug":"fits","term":"FITS (Foreign Influence Transparency Scheme)","short_definition":"Federal registration for foreign-principal influence activity.","full_definition":"FITS Act 2018. Third parties undertaking registrable activities for foreign principals must register with AG's Department.","related_obligation_slugs":["foreign-influence-transparency-scheme"]},{"slug":"fsg","term":"FSG (Financial Services Guide)","short_definition":"AFSL holders must provide FSG to retail clients before service.","full_definition":"Section 941A Corporations Act. FSG contains entity identity, services + products, remuneration, complaints + AFCA referral.","related_obligation_slugs":["afsl-fsg-statement-of-advice"]},{"slug":"ged","term":"GED (General Environmental Duty)","short_definition":"Vic Environment Protection Act 2017 — duty to minimise harm.","full_definition":"Section 25 EP Act 2017 (Vic). PCBUs must take 'reasonably practicable' steps to minimise risks of harm to human health or the environment.","related_obligation_slugs":["ged-environmental"],"related_regulator_slugs":["epa-vic"]},{"slug":"gipa","term":"GIPA (NSW Government Information (Public Access) Act 2009)","short_definition":"NSW equivalent of FOI — open access to government info.","full_definition":"GIPA Act 2009 (NSW) creates a presumption of disclosure for NSW government information. Administered by IPC NSW.","related_regulator_slugs":["ipc-nsw"]},{"slug":"hra","term":"HRWL (High Risk Work Licence)","short_definition":"WHS licence for 29 high-risk work classes.","full_definition":"Schedule 3 model WHS Regulations. Workers performing forklift, crane, scaffolding, dogging, rigging, EWP etc. need a HRWL. State-issued; mutual recognition.","related_obligation_slugs":["high-risk-work-licence"]},{"slug":"ifrs-s2","term":"IFRS S2 (ISSB Climate Standard)","short_definition":"International climate disclosure standard adopted by Australia as AASB S2.","full_definition":"IFRS Sustainability Disclosure Standard S2 by ISSB. Australia adopted via AASB S2 (climate-related disclosures, mandatory phased from FY25). IFRS S1 (general sustainability) likely to follow.","related_obligation_slugs":["asrs-climate-disclosure","isb-s1-general-sustainability"]},{"slug":"irap","term":"IRAP (Information Security Registered Assessor Program)","short_definition":"ASD endorsement for cyber assessors of Commonwealth info.","full_definition":"IRAP-endorsed assessors validate compliance with Information Security Manual (ISM) including Essential Eight ML2 for Right Fit For Risk + federal contracts.","related_obligation_slugs":["essential-eight-ml2"],"related_regulator_slugs":["asd"]},{"slug":"ism","term":"ISM (Information Security Manual)","short_definition":"ASD federal cyber security technical framework.","full_definition":"Australian Government Information Security Manual issued by ASD. Sets technical security controls for federal information systems. Underpins Right Fit For Risk + many private sector frameworks.","related_obligation_slugs":["essential-eight-ml2"],"related_regulator_slugs":["asd"]},{"slug":"ivd","term":"IVD (In-Vitro Diagnostic medical device)","short_definition":"Medical device for in-vitro examination of human specimens.","full_definition":"IVDs include pathology + point-of-care tests. Risk-class 1-4. ARTG inclusion + conformity assessment required for supply.","related_obligation_slugs":["ivd-medical-devices-classification"],"related_regulator_slugs":["tga"]},{"slug":"lafha","term":"LAFHA (Living-Away-From-Home Allowance)","short_definition":"FBT-treated allowance for employees living away from home for work.","full_definition":"FBT exemption/reduction for genuine LAFHA paid to employees living away from home for work. Strict eligibility + 12-month substantiation rules.","related_obligation_slugs":["fbt-return"],"related_regulator_slugs":["ato"]},{"slug":"lcc","term":"LCC (Low Cost Credit Contract)","short_definition":"BNPL category under NCCP from 10 June 2025.","full_definition":"Buy Now Pay Later captured as LCC under NCCP from 10 June 2025. Modified responsible lending + ACL required.","related_obligation_slugs":["bnpl-credit-licence"]},{"slug":"lct","term":"LCT (Luxury Car Tax)","short_definition":"33% tax on the GST-inclusive value of luxury cars above LCT threshold.","full_definition":"FY26 thresholds: $91,387 (fuel-efficient); $80,567 (other). Reported via BAS.","related_obligation_slugs":["luxury-car-tax"],"related_regulator_slugs":["ato"]},{"slug":"ml-ml2-ml3","term":"ML0 / ML1 / ML2 / ML3 (Essential Eight Maturity Levels)","short_definition":"ASD's Essential Eight maturity framework.","full_definition":"ML0 = none/weak. ML1 = opportunistic adversaries. ML2 = targeted attacks (RFFR baseline for OFFICIAL: Sensitive). ML3 = state-sponsored adversaries.","related_obligation_slugs":["essential-eight-ml2"],"related_regulator_slugs":["asd"]},{"slug":"mnes","term":"MNES (Matters of National Environmental Significance)","short_definition":"EPBC Act protected matters — federal approval triggers.","full_definition":"World Heritage, RAMSAR wetlands, threatened species/ecological communities, migratory species, Commonwealth marine areas, water resources (coal + CSG), nuclear actions.","related_obligation_slugs":["epbc-act-controlled-actions"]},{"slug":"ncc","term":"NCC (National Construction Code)","short_definition":"National minimum standards for design + construction of buildings + plumbing.","full_definition":"Incorporates Building Code of Australia + Plumbing Code. Adopted by reference in state Building Acts.","related_obligation_slugs":["national-construction-code-bca"]},{"slug":"nem","term":"NEM (National Electricity Market)","short_definition":"Spot market for electricity covering all states except WA + NT.","full_definition":"AEMO operates the NEM; AER regulates; AEMC sets rules.","related_obligation_slugs":["nem-market-participation"],"related_regulator_slugs":["aemo","ic-aer"]},{"slug":"nopsema","term":"NOPSEMA (National Offshore Petroleum Safety and Environmental Management Authority)","short_definition":"Federal offshore petroleum + gas regulator.","full_definition":"Administers Offshore Petroleum and Greenhouse Gas Storage Act 2006. Safety, environment + well integrity.","related_obligation_slugs":["opggsa-petroleum-safety"]},{"slug":"nqf","term":"NQF (National Quality Framework — ECEC)","short_definition":"ECEC national quality + ratings framework.","full_definition":"Education and Care Services National Law + National Quality Standard administered by ACECQA + state regulatory authorities. 7 quality areas.","related_obligation_slugs":["ecec-national-quality-framework"]},{"slug":"ote-supplementary","term":"Ordinary Time Earnings (OTE) vs Qualifying Earnings (QE)","short_definition":"Super earnings bases — OTE until 30 June 2026; QE from 1 July 2026.","full_definition":"OTE excludes overtime + salary sacrifice (mostly). QE replaces OTE from 1 July 2026 under Payday Super — broader base including salary-sacrificed amounts.","related_obligation_slugs":["payday-super"],"related_regulator_slugs":["ato"]},{"slug":"paf","term":"PAF (Private Ancillary Fund)","short_definition":"DGR Item 2 charitable trust requiring 5% min distribution.","full_definition":"Private Ancillary Fund Guidelines 2009. PAFs distribute minimum 5% of net assets annually + must be ACNC-registered + ATO-endorsed.","related_obligation_slugs":["acnc-private-ancillary-fund"]},{"slug":"pi-insurance","term":"PI Insurance (Professional Indemnity)","short_definition":"Insurance protecting against claims arising from professional services.","full_definition":"Required by various regulators (AFSL RG 126, AHPRA, legal practising certificates, TPB). Coverage levels + exclusions matter for compliance.","related_obligation_slugs":["afsl-pi-insurance-rg-126","ahpra-cpd-registration"]},{"slug":"pop","term":"POP (Persistent Organic Pollutant)","short_definition":"Toxic chemicals banned + restricted under Stockholm Convention.","full_definition":"PFAS, PCBs + similar persistent chemicals banned/restricted under Stockholm Convention + AU implementing Acts.","related_obligation_slugs":["stockholm-pop-controls"]},{"slug":"ppsr","term":"PPSR (Personal Property Securities Register)","short_definition":"Federal register of security interests in personal property.","full_definition":"Established by PPSA 2009. Failure to register defeats priority in insolvency. Run by AFSA.","related_obligation_slugs":["ppsr-registration"],"related_regulator_slugs":["afsa"]},{"slug":"ppip","term":"PPIPA (NSW Privacy and Personal Information Protection Act 1998)","short_definition":"NSW state privacy law for NSW public sector.","full_definition":"Sets IPPs for NSW agencies. Administered by IPC NSW.","related_regulator_slugs":["ipc-nsw"]},{"slug":"psp","term":"PSP (Payment Service Provider)","short_definition":"Treasury reform of payments licensing — non-bank payments.","full_definition":"Treasury's payments licensing reform package introduces tiered PSP licensing — final regulations expected 2025-2026.","related_obligation_slugs":["psp-licensing-reform-2025"]},{"slug":"rco-rcq","term":"ReOC + RePL (Drone operations)","short_definition":"CASA certifications for commercial drone operations.","full_definition":"Remote Operator Certificate (ReOC) for entity + Remote Pilot Licence (RePL) for individuals. Commercial RPAS operations.","related_obligation_slugs":["casa-rpas-operator"],"related_regulator_slugs":["casa"]},{"slug":"rfba","term":"RFBA (Reportable Fringe Benefits Amount)","short_definition":"Per-employee grossed-up fringe benefits visible on STP.","full_definition":"RFBA per employee with FBT-included benefits >$2,000 visible on STP + counts toward income tests (HECS, MLS).","related_obligation_slugs":["fbt-return"]},{"slug":"rg-126","term":"RG 126 (AFSL PI insurance)","short_definition":"ASIC guidance on PI insurance for AFSL holders dealing with retail.","full_definition":"Sets minimum PI cover levels (≥$2M per claim) + features for AFSL holders dealing with retail clients.","related_obligation_slugs":["afsl-pi-insurance-rg-126"]},{"slug":"rg-78","term":"RG 78 (ASIC breach reporting)","short_definition":"Reportable situation reporting by AFSL + ACL holders.","full_definition":"AFSL/ACL holders must report reportable situations to ASIC within 30 calendar days. RG 78 provides guidance.","related_obligation_slugs":["breach-reporting-rgs"]},{"slug":"rg-175","term":"RG 175 (financial product advice)","short_definition":"ASIC guidance on s 961B-G best interests + appropriate advice duties.","full_definition":"Personal financial advisers must act in best interests + provide appropriate advice + warn + prioritise client interests.","related_obligation_slugs":["asic-rg-175-financial-product-advice"]},{"slug":"rg-271","term":"RG 271 (Internal Dispute Resolution)","short_definition":"ASIC binding IDR standards.","full_definition":"AFSL/ACL holders + RSE licensees + traditional trustee companies — 24-hour acknowledgement + 30-day response + complaint definition + ASIC IDR data reporting.","related_obligation_slugs":["asic-rg-271-internal-dispute-resolution"]},{"slug":"rno","term":"RTO (Registered Training Organisation)","short_definition":"VET provider registered by ASQA.","full_definition":"Delivers nationally recognised vocational education + training. Standards for RTOs 2025 in force.","related_obligation_slugs":["rto-standards","ncver-reporting"],"related_regulator_slugs":["asqa"]},{"slug":"rsa-rcg","term":"RSA / RCG (Responsible Service of Alcohol / Conduct of Gambling)","short_definition":"State-mandated training for liquor + gaming staff.","full_definition":"Each state has RSA + RCG requirements. Refresher periods 3-5 years.","related_obligation_slugs":["rcg-rsa-mandatory-training"]},{"slug":"rsnl","term":"RSNL (Rail Safety National Law)","short_definition":"Federal model rail safety law applied in each state.","full_definition":"Administered by ONRSR. Rail transport operators require accreditation; safety management systems; interface agreements; incident reporting.","related_obligation_slugs":["rail-safety-national-law"],"related_regulator_slugs":["onrsr"]},{"slug":"sacc","term":"SACC (Small Amount Credit Contract)","short_definition":"Payday loans — Total cost caps + protected earnings.","full_definition":"Small Amount Credit Contracts (≤$2,000 over ≤12 months). Treasury Laws Amendment (Financial Sector Reform) Act 2022 reformed regime — fee caps + protected earnings + restrictions on unsolicited offers.","related_obligation_slugs":["consumer-credit-fee-cap"]},{"slug":"saf","term":"SAF (Skilling Australians Fund)","short_definition":"Federal levy on 482 + other visa sponsors at nomination.","full_definition":"Annual levy per year of nomination, paid by sponsor at nomination lodgement. Rate varies by business size + visa subclass.","related_obligation_slugs":["saf-skilling-australians-fund"]},{"slug":"soa","term":"SOA (Statement of Advice)","short_definition":"Document required when personal financial advice provided to retail client.","full_definition":"Section 946A Corporations Act. Documents subject + basis of advice + remuneration + warnings. Required for personal advice.","related_obligation_slugs":["afsl-fsg-statement-of-advice"]},{"slug":"sps-515","term":"SPS 515 (Strategic Planning + Member Outcomes)","short_definition":"APRA prudential standard for RSE annual member-outcomes assessment.","full_definition":"RSE licensees must annually assess member-outcomes performance for each cohort (MySuper + Choice). Test investment performance, fees, options + take action where inadequate.","related_obligation_slugs":["super-stronger-member-outcomes"]},{"slug":"tia-act","term":"TIA Act (Telecommunications (Interception and Access) Act 1979)","short_definition":"Federal interception + data retention law.","full_definition":"Pt 5-1A — 2-year telco metadata retention; interception + access regime for law enforcement + national security; agency access controls.","related_obligation_slugs":["data-retention-telco-2-years"]},{"slug":"tmd","term":"TMD (Target Market Determination)","short_definition":"DDO requirement: target market for retail financial product.","full_definition":"Issuers of retail financial products must make TMD identifying class of consumers for whom the product is appropriate. Distributors distribute consistently.","related_obligation_slugs":["ddo"]},{"slug":"tps","term":"TPS (Tuition Protection Service)","short_definition":"Federal levy + insurance protecting overseas students.","full_definition":"Under ESOS Act. CRICOS-registered providers contribute annually to TPS, which provides alternative placement or refund on provider default.","related_obligation_slugs":["esos-tuition-protection"]},{"slug":"vmpr","term":"VMPR (Vacant Residential Land Tax — VIC)","short_definition":"Vic surcharge on vacant residential property.","full_definition":"Vacant Residential Land Tax (VRLT) administered by SRO Vic. Extended state-wide from 2025.","related_obligation_slugs":["land-tax-vic"]},{"slug":"vrlt","term":"VRLT (Vacant Residential Land Tax — VIC)","short_definition":"Vic 1% / 2% / 3% surcharge on vacant residential land.","full_definition":"Progressive surcharge for residential land vacant 6+ months in a calendar year. Extended state-wide from 2025.","related_obligation_slugs":["land-tax-vic"]},{"slug":"wet","term":"WET (Wine Equalisation Tax)","short_definition":"29% federal tax on wholesale value of wine.","full_definition":"A New Tax System (Wine Equalisation Tax) Act 1999. Producer rebate up to $350K per producer. Lodged via BAS.","related_obligation_slugs":["wine-equalisation-tax"]},{"slug":"wgt","term":"WGT (Windfall Gains Tax — VIC)","short_definition":"Vic 50% tax on rezoning value uplift ≥$500K.","full_definition":"Windfall Gains Tax Act 2021 (Vic). In force 1 July 2023. 50% tax on uplift above threshold from rezoning.","related_obligation_slugs":["sro-vic-windfall-gains-2024"]},{"slug":"yfys","term":"YFYS (Your Future, Your Super)","short_definition":"Annual super performance test introduced 2021.","full_definition":"Your Future, Your Super reforms. MySuper products tested annually from 2021; TDP from 2022. Failed funds face mandatory member notification + member-block.","related_obligation_slugs":["yfys-performance-test"]}]}