The first taxes in Australia were raised to help pay for the completion of Sydney's first gaol and provide for the orphans of the colony. Import taxes were put on spirits, wine and beer.
- Goods and services tax (GST) search for term
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A tax of 10% on the supply of most goods and services consumed in Australia.
- Gross salary search for term
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The amount of money earned by an employee before any deductions are taken into account.
- Growth phase search for term
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A superannuation investment prior to the time when an individual can withdraw funds.
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Fact 4
Contributions
Money that an individual or employer puts into a complying super fund.
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