In 1917, during World War I, the price of admission into a place of entertainment was taxed. Auditors attended race meetings, theatre and picture shows to ensure the tax was being paid. This tax was also imposed from 1942 to 1953.
- Eligible rollover fund (ERF)
A regulated superannuation fund or an approved deposit fund.
An individual, sole trader, body corporate, company, corporation, partnership, trust or superannuation fund.
A tax on certain goods produced or manufactured in Australia. These goods include alcohol, tobacco and petroleum. Customs duty at an equivalent rate is levied on imported goods to ensure that these goods are treated consistently with local goods.
- Exempt income
Income that is not taxable, for example, an invalidity pension.