Task A4.2 Tax in your community

How would you cope with a disaster that has destroyed your home and changed your life completely?

Task A4.2 Tax in your community
Type: Theory
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 6

    'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.

Fringe benefits tax (FBT)

A tax payable on a non-salary benefit to an employee. The employer pays the tax, not the employee.

read more glossary terms