What is tax and why do we need it?

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Take the Pre-test: How much do I know about tax? quiz first to find out how much you already know about tax and then start this activity to discover some of the underlying issues relating to tax.

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  • Fact 11

    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.

Australian federal budget

The estimated revenue and expenditure of the Australian Government for the financial year.

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