The goods and services tax (GST)

Course categories: 
Activity required for the course validation: 
Hide from Catalogue: 
No
Group roles and permissions: 
Override default roles and permissions

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

Activities allow teachers to assess students and provide slideshows with course content and/or questions.

Forums allow teachers and students to communicate.

  • Fact 4

    The first taxes in Australia were raised to help pay for the completion of Sydney's first gaol and provide for the orphans of the colony. Import taxes were put on spirits, wine and beer.

Business / enterprise

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.
read more glossary terms