The first computers used by the ATO were used primarily for issuing the five million refund cheques sent out each year in the mid 1960s.
Challenge quiz rules
- Each team chooses a topic and then chooses a question.
- Each team must start by answering one 100-point question correctly before moving to the higher point questions.
- If a team answers the question correctly, they score the allocated points.
- If a team answers the question incorrectly, the next team gets a chance to answer the same question.
- A team has one minute to answer the question. The team can use that time to consult and agree on a response before the nominated member provides the answer.
- A team must have a total score of 600 before they can attempt to answer a 500-point question.
- Your teacher may apply penalties for students who call out answers or interfere with other groups.
Note: Topics 4 and 5 of this module, Explaining business taxes and The goods and services tax (GST),are covered in part 4 of the Challenge quiz under the combined topic of Business tax.
The quiz can be played by asking the following questions or by playing the Business challenge quiz online.
Challenge quiz: Business tax | ||
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Type: | Theory | |
Questions: | 1 | |
Attempts allowed: | Unlimited | |
Available: | Always | |
Pass rate: | 75% | |
Passed: |
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Fact 25
Fees and costs
Money that a super fund deducts for administering and investing contributions.
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