AC9HE8K04
the importance of Australia’s system of taxation and how this system affects decision-making by individuals and businesses
Elaborations
- AC9HE8K04_E1discussing why the government collects taxation revenue and provides services to individuals and communities; for example, the provision of health, education, paid parental leave, childcare, aged care and infrastructure
- AC9HE8K04_E2explaining how, when and why young Australians pay tax, and the type of government services provided to them
- AC9HE8K04_E3identifying the rights and obligations of individuals in relation to taxation by asking questions such as, “When should I apply for a tax file number?”, “How is income tax calculated?”, “What should I do when an employer is not deducting the right amount of tax?” and “How do I lodge a tax return?”
- AC9HE8K04_E4identifying examples of taxes paid by individuals and businesses, and explaining how they may influence decision-making about spending; for example, the effect of income tax, import duties or excise duties on price of goods and services
- AC9HE8K04_E5explaining how the collection of taxes and the provision of services supports individual human and financial wellbeing, communities and Australian society
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