Task A5.2 Changes in the tax system

It's time to reflect on what you have found out about changes to the tax system.

Task A5.2 Changes in the tax system
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.

PAYG instalments

A system used by individuals and businesses to pay tax, such as tax on investment and business income.

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