The goods and services tax (GST)

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Discover how to calculate the goods and services tax (GST) for various items and discuss what constitutes a fair tax.

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  • Fact 15

    Primary industry suffered severely in the 1930s due to drought and the Depression, so the government introduced three new taxes to support farmers: the flour tax, the wool tax and the apple and pear tax.

Higher education contribution scheme (HECS)

A system that supplemented funding of the Australian education system. It was incorporated with other loans into the Higher education loan program (HELP) on 1 January 2005.

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