Working and paying tax

Question 1 of 7

Paying tax

There are a number of steps that a person needs to follow to become part of the Australian taxation system.

  • Step 1 Getting a tax file number (TFN)
  • Step 2 What should I do when I start a part-time or full-time job?
  • Step 3 How much tax do I pay?
  • Step 4 What records do I need?
  • Fact 11

    The first new tax introduced after Federation was the Bank Notes Tax Act 1910 which introduced an Australian currency. It imposed a 10% tax on bank notes that had been previously issued privately. The new national currency first appeared in December 1910.

Maximum contribution base

A limit to the amount of superannuation contributions that an employer is required to provide for an employee.

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