Pre-test: How much do I know about tax?

Step 1 of 20

Australia has three levels of government.

  • 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.

Self-managed super fund (SMSF)

A super fund set up and operated by an individual or group of people for their own retirement benefit.

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