Task C5.1 Calculating GST

Task C5.1 Calculating GST
Type: Quiz
Questions: 12
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.

Superannuation / super guarantee

A minimum amount set by law that an employer must contribute into an employee’s super fund.

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