(Australia, attributive) A tax avoidance scheme from the 1970s.
The 'bottom of the harbour' scheme was so named because a company once stripped of its assets, was dumped and, like a body in a cement suit, sank never to be seen again.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
See all Regional & Other slang on Slangora.