Tax 101 explores the reasons tax is collected and examines how governments use tax to provide services needed by the community, and the role of the ATO. Choose a topic to investigate or use the breadcrumbs to return to the course overview page.

 

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Tax 101: understanding tax
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Role of the ATO
Task A6.1 Mad minute tax facts
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Learn about the purpose and operations of the ATO.  Test your knowledge about tax and find out if you are a tax expert.

Activities

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Wacky facts

  • Fact 22

    The changeover to decimal currency in 1966 created a massive amount of work for the ATO. In NSW alone, staff manually converted 200,000 accounts worth $450 million.

Glossary

Balance sheet

A document summarising the assets, liabilities and net worth (or owner’s equity) of a business.

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