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  2. Australian Accounting Standards Board - Wikipedia

    en.wikipedia.org/wiki/Australian_Accounting...

    The Australian Accounting Standards Board (AASB) is an Australian Government agency that develops and maintains financial reporting standards applicable to entities in the private and public sectors of the Australian economy. Also, the AASB contributes to the development of global financial reporting standards and facilitates the participation ...

  3. Australian dollar - Wikipedia

    en.wikipedia.org/wiki/Australian_dollar

    The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.

  4. Business activity statement - Wikipedia

    en.wikipedia.org/wiki/Business_activity_statement

    The Australian Taxation Office forwards a business activity statement tailor made for each registered business entity before the end of each reporting period. It may be delivered to the business as a paper form, electronically, or via the business’s registered tax agent. Parts of the form may be pre-filled.

  5. Income tax in Australia - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_Australia

    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]

  6. Taxation in Australia - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Australia

    Income taxes are the most significant form of taxation in Australia, and collected by the federal government through the Australian Taxation Office (ATO). Australian GST revenue is collected by the Federal government, and then paid to the states under a distribution formula determined by the Commonwealth Grants Commission.

  7. Universal basic income by country - Wikipedia

    en.wikipedia.org/wiki/Universal_basic_income_by...

    Basic Income Guarantee Australia was accepted into the Basic Income Earth Network in 2006 as an affiliate member. [175] In August 2014, ACOSS made a recommendation to simplify the welfare system via a basic income support payment; however, this differs from a universal guaranteed income in that it would still be means-tested. [ 176 ]

  8. Political funding in Australia - Wikipedia

    en.wikipedia.org/wiki/Political_funding_in_Australia

    In Australia, there is a growing trend for MPs to become directly involved in the corporate fundraising efforts of their parties. Ministers and staff are enlisted to engage with donors and business supporters, with the aim of raising funds for their political parties. [3] It is known for business leaders to pay $1,400 to get near a federal ...

  9. Provision (accounting) - Wikipedia

    en.wikipedia.org/wiki/Provision_(accounting)

    The recording of the liability in the entity's balance sheet is matched to an appropriate expense account on the entity's income statement. In U.S. Generally Accepted Accounting Principles (U.S. GAAP), a provision is an expense. Thus, "Provision for Income Taxes" is an expense in U.S. GAAP but a liability in IFRS.

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