The first computers used by the ATO were used primarily for issuing the five million refund cheques sent out each year in the mid 1960s.
Individuals who are Australian residents for taxation purposes pay no tax on the first $18,200 taxable income for the full financial year. This is called the tax-free threshold. They may claim the tax-free threshold from one employer only. Non-residents cannot claim the tax-free threshold.read more glossary terms