The expenses of World War I were so great that the Commonwealth Government introduced three new taxes in 1917: an entertainment tax, a wartime profits tax and a bachelor tax that raised such a bitter protest that it was never put into operation.
- Default fund search for term
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The super fund an individual's employer pays their super guarantee payments into if they do not nominate a specific super fund.
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A person whom an individual looks after and who needs their financial support, such as a child.
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A share of a company's distribution paid to a shareholder.
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Fact 12
PAYG instalments
A system used by individuals and businesses to pay tax, such as tax on investment and business income.
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