administration
Putting laws, programs or arrangements into operation.
REFERENCE / GLOSSARY
Words matter.
Precise language helps separate authority from ownership, information from influence, and legal compulsion from practical dependency.
These are plain-language editorial definitions for reading this atlas, not statutory definitions.
authority
A legally or institutionally recognised capacity to make decisions or impose duties.
beneficial interest
An entitlement to benefits from an asset, which can differ from legal title.
capital
Resources or financial claims used to fund activity or generate returns.
credit
An arrangement permitting borrowing or deferred payment with an obligation to repay.
debt
An obligation to repay an amount under specified terms.
enforcement
Action to secure compliance with a rule, using authorised processes.
equity
An ownership interest, or the residual value of an asset after associated debts.
executive
The institutions that administer laws and conduct government business.
federalism
A division of governing powers between national and state systems.
GST
Goods and services tax. Its application depends on the supply and relevant rules.
influence
An ability or attempt to shape decisions without a right to command the outcome.
institutional investor
An organisation investing pooled or institutional funds.
judicial review
Review of the legality of a decision; distinct from substituting a preferred policy outcome.
judiciary
Courts and judges exercising judicial power; distinct from executive administration.
jurisdiction
The legal scope within which a body can exercise power.
legislation
Laws made by Parliament, and delegated laws made under statutory authority.
merits review
A fresh examination of an eligible decision using the facts, law and policy.
mortgage
A security interest in property used to support repayment of debt.
ownership
Legally recognised rights in an asset. Ownership does not always imply day-to-day management.
PAYG
Pay as you go: here, withholding from relevant payments and remitting it to the ATO.
power
The capacity to affect outcomes. Its legal, economic and social forms differ.
prudential
Concerned with financial soundness and institutions meeting their promises.
regulation
Rules and supervision that govern specified conduct or activities.
review
Reconsideration or examination of a decision; merits review and judicial review differ.
structural dependency
A practical reliance on access to a service or institution; not necessarily legal compulsion.
superannuation
A regulated arrangement for retirement savings, subject to contribution and access rules.
taxation
Compulsory payments imposed by law; liability depends on the tax and circumstances.
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