THERE ARE two TYPES OF TAX that you need to pay
1) GST (goods and service tax)
Most things, except fresh food, rent, milk and meat are taxed by 10%. This tax is already included in the price you pay and will appear in the bottom of the receipt.
2)Tax
If you are working you will need a tax file number. This is important because your employer needs to pay tax if you have earnt $6000 or more in the financial year. You can claim the tax back later by doing a tax return. The bank will also need to know your tax file number. If they don’t they will “deduct tax from any interest earned on the deposit account, above a certain threshold.”(Commonwealth bank, 2010)
You can apply online at: www.ato.gov.au
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