Income and income tax

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When do we need to pay tax and when don't we? Discover the different types of income and test your knowledge about when and where tax should be paid.

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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.

Gross salary

The amount of money earned by an employee before any deductions are taken into account.

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