The first new tax introduced after Federation was the Bank Notes Tax Act 1910 which introduced an Australian currency. It imposed a 10% tax on bank notes that had been previously issued privately. The new national currency first appeared in December 1910.
Is Tax, Super + You aligned with the curriculum?
Tax, Super + You is aligned with the curriculum and these linkages can be explored using the resources below.
Australian Curriculum LinksFAQ category:
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Fact 11
Income tax rate
The proportion of taxable income that is paid as tax. The income tax rate is expressed as a percentage or in cents-per-dollar. Companies have a set tax rate, unlike individuals, whose tax rate increases as the amount of taxable income increases.
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