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  • Fact 7

    Australia’s only armed rebellion, at Eureka in October 1854, was over the high cost of a goldmining licence. If a miner did not have a licence on them, they were arrested and the arresting policeman received half the fine.

Allowable deduction

An expense incurred in the course of earning income that can be used to reduce assessable income. Allowable deductions are sometimes simply referred to as deductions.

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