What is tax and why do we need it?

The materials in Tax 101 have been designed to be used in a variety of ways. Each topic is designed as a stand-alone section to be explored by a whole class, small groups or individual students. Information about alignment to state and territory curriculums is via the Curriculum links block.

What is tax and why do we need it?
Type: Theory
Questions: 6
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 26

    The introduction of electronic lodgement of tax forms in the late 1980s not only reduced the time it took to send out returns from ten weeks to two weeks but had a significant impact on the incidence of repetitive strain injury among data processors at the ATO.

Exempt income

Income that is not taxable, for example, an invalidity pension.

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