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.
You make the decision is an interactive that asks the student to assume the role of Treasurer of the Australian Government. Six representatives of various organisations and governments lobby for funding in the upcoming Australian Federal Budget. The 'Treasurer' must assess the competing needs and decide which organisations deserve funding and at what cost in terms of re-directing expenditure or altering existing budgetary arrangements. The outcome should result in a balanced budget.You make the decision - PDF version
An extra amount payable by some taxpayers in addition to the Medicare levy. A taxpayer may have to pay the surcharge if they do not have the appropriate level of private hospital cover with a health fund and their Medicare levy surcharge income exceeds the threshold.read more glossary terms