Task A1.1 Street talk

You overhear people's comments about tax-related issues while you're down the street. Do you agree with them?

Task A1.1 Street talk
Type: Theory
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.

Cash budget

A statement showing the estimated cash receipts and cash payments for a period of time.

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