Running a business: tax obligations
Type: Theory Start taskRead more
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task C3.1 Hiring employees
Type: Mixed Start taskRead more
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • 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.

Medicare levy

An amount payable by most taxpayers to cover some of the cost of the public health system.

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