The changeover to decimal currency in 1966 created a massive amount of work for the ATO. In NSW alone, staff manually converted 200,000 accounts worth $450 million.
Yes, you can. Just follow these easy steps:
- On the Home page, click on the 'My Account' link at the top right of the screen and then click on the 'Edit' button to access and change your account details and password.
- Update the desired fields. You can update your details and even upload an image.
- To save your changes, click on the 'Save' button at the bottom of the screen and then click on the 'View' button to exit.
- To exit without making or saving any changes, just click on the 'View' button.
Australia's tax system works on self-assessment. When a taxpayer completes their income tax return, they must show all of their income and only claim allowable deductions and tax offsets to which they are entitled. The ATO issues a notice of assessment based on the information provided in the tax return.read more glossary terms