Running a business: tax obligations

What do business owners need to know and do about tax and super? Find out more about how to set up a business.

Running a business: tax obligations
Type: Theory
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 26

    The introduction of electronic lodgement of tax forms in the late 1980s not only reduced the time it took to send out returns from ten weeks to two weeks but had a significant impact on the incidence of repetitive strain injury among data processors at the ATO.

Medicare levy

An amount payable by most taxpayers to cover some of the cost of the public health system.

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