The Budget: taxes and spending

The annual Budget shows how tax revenue is collected and how it will be spent. Explore issues concerning the Budget. Investigate how pressures on the Budget can impact on the type and amount of taxes that are levied.

The Budget: taxes and spending
Type: Theory
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 21

    As overseas travel became more common in the 1960s, the ATO stopped issuing tax clearance certificates (which had previously reminded Australians planning on travel that they must ensure they had paid all tax owed prior to leaving the country).

Ordinary time earnings

The amount an individual earns for their ordinary hours of work.

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