Glossary beginning with Y

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Youth Allowance search for term

An Australian Government payment to a young person who is undertaking study, training or an apprenticeship, is sick or is looking for work.

  • Fact 4

    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.

Tax payable

The amount of income tax required to be paid on a person's taxable income after applying any tax offsets. It does not include the Medicare levy.

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