Task A4.1 Managing disasters

Ever wondered what happens to government budgets when a natural disaster occurs? Find out how government spending and revenue are affected.

Task A4.1 Managing disasters
Type: Theory
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
  • Fact 24

    One poetic Australian taxpayer wrote to the ATO: 'Spring is sprung, the grass is riz, I wonder where my return iz. My "rego’s" due, my cash is nil, a cheque from you would pay the till'.

Capital loss

Occurs when a capital gains tax asset is sold or disposed of for less than its purchase price.

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