'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.
- Maximum contribution base
A limit to the amount of superannuation contributions that an employer is required to provide for an employee.
- Medicare levy
An amount payable by most taxpayers to cover some of the cost of the public health system.
- Medicare levy surcharge
An extra amount payable by some taxpayers in addition to the Medicare levy. A taxpayer may have to pay the surcharge if they do not have the appropriate level of private hospital cover with a health fund and their Medicare levy surcharge income exceeds the threshold.
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