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A capital gains tax (CGT) was introduced in Australia on 20 September 1985, one of a number of tax reforms by the Hawke/Keating government. The CGT applied only to assets acquired on or after that date, with gains (or losses) on assets owned on that date, called pre-CGT assets, not being subject to the CGT.
Please help update this article to reflect recent events or newly available information. ( October 2010 ) This is a list of categories of government bonds around the world.
The progressive nature of income tax in Australia results in different income groups paying different amounts. The top 1% of income earners pay 18% of income tax received. The top 3% pay 28% of income tax. The top 10% of earners paid 46% of all income tax paid. The bottom 50% of earners paid 11% of all income tax. [19]
How taxes on government bonds work. Government bonds are subject to varying tax treatments at the federal, state and local levels. For example, Treasury bills, notes and bonds are subject to ...
A goods and services tax (GST) is a value added tax levied by the federal government at 10% on the supply of most goods and services by entities registered for the tax. The GST was introduced in Australia on 1 July 2000 by the then Howard Liberal government. A number of supplies are GST-free (e.g., many basic foodstuffs, medical and educational ...
As of 2015, Australian-designed cars were manufactured by General Motors subsidiary Holden, and Ford Australia, while Toyota Australia manufactured local variants of its international models, particularly the Camry. However, the Ford Australia engine and vehicle plants closed in October 2016 and the Holden and Toyota Australia factories closed ...
The South Australian and Federal Liberal Government also signed an agreement in 2021 for combined funding of new electric vehicle charging infrastructure in the state. [121] Chargefox is Australia's largest electric vehicle charger network operator and have 1,400 charging stations across Australia, with a plan to have 5,000 by 2025.