History of tax in Australia

Taxes have changed and evolved over time.  Discover the changes made in the Australian tax system and explore the reasons taxes change.

History of tax in Australia
Type: Theory
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 10

    In 1936, at the request of the Australian Wool Growers Council, a wool tax was imposed to help the production of wool and to extend the use of wool throughout the world. It was levied at 6d (about 5c) per bale on all sales of shorn wool produced in Australia.

Refund

An amount paid back by the ATO to a taxpayer when the taxpayer has paid more tax than they are liable to pay.

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