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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 services, exports), input-taxed (residential accommodation, financial services, etc.), exempt (Government charges) or outside the scope of GST.
The 50/30/20 budget is a simple plan that sorts personal expenses into three categories: "needs" (basic necessities), "wants", and savings. 50% of one's net income then goes towards needs, 30% towards wants, and 20% towards savings.
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The Household, Income and Labour Dynamics in Australia Survey (HILDA) is an Australian household-based longitudinal study which began in 2001. [1] It has been used for examining a wide variety of economic, social, health and other issues, examples of which include: the incidence of persistent poverty; assets and income in the transition to retirement; the correlates and impact of changes in ...
According to Globalissues.org, "Almost half the world—over three billion people—live on less than US$2.50 a day." This statistic includes children. [1] The calculation of the cost to raise a child in developing countries is difficult, since families often do not operate with currency, but barter or trade to provide for their children. [2]
The Commonwealth of Australia comprises the mainland of the Australian continent, the major island of Tasmania, other nearby islands, and various external territories. [1] Neighbouring countries are Indonesia , East Timor , and Papua New Guinea to the north, the Solomon Islands , Vanuatu , and New Caledonia to the north-east, and New Zealand to ...
The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18. [16]
The "basic needs" approach was introduced by the International Labour Organization's World Employment Conference in 1976. [1] [2] "Perhaps the high point of the WEP was the World Employment Conference of 1976, which proposed the satisfaction of basic human needs as the overriding objective of national and international development policy. The ...