How is tax revenue spent?

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by Rachael Winfield » Mon, 09/16/2019 - 19:53
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by Rachael Winfield
Mon, 09/16/2019 - 19:53
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  • Fact 10

    In 1936, at the request of the Australian Wool Growers Council, a wool tax was imposed to help the production of wool and to extend the use of wool throughout the world. It was levied at 6d (about 5c) per bale on all sales of shorn wool produced in Australia.

Refund

An amount paid back by the ATO to a taxpayer when the taxpayer has paid more tax than they are liable to pay.

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