Australia’s growth and prosperity after World War II meant that, in 1959, the ATO collected £823.37 million in revenue - more than double the amount collected in 1949.
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
A business is any activity where goods or services are sold with the intention of making a profit. If the activity has not been set up with the aim of making a profit then it is considered to be a hobby. A business does not include:
- private recreational activities and hobbies
- activities carried on as an employee, labour hire worker, director or office holder
- activities carried on by individuals (other than the trustees of charitable funds) or partnerships without a reasonable expectation of profit or gain.