Completing your tax return

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When you say the word 'tax', many people automatically think of what they will do with their potential tax refund. Find out what completing a tax return involves.

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  • Fact 21

    As overseas travel became more common in the 1960s, the ATO stopped issuing tax clearance certificates (which had previously reminded Australians planning on travel that they must ensure they had paid all tax owed prior to leaving the country).

Asset

An item of value such as property, a car or machinery, or a financial item such as shares or a bank account.

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