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It was formed in 2008 after the amalgamation of Wideband Networks and Westvic Broadband. [2] Aussie Broadband is the fourth largest retail internet service provider in Australia. [3] Aussie Broadband’s market share of NBN services sits at 8.9%, with the company totalling 780,259 broadband connections as of June 2024. [4]
Companies or groups of companies that pay $1,100,000 or more a year in Australian wages must pay payroll tax. [34] There are deductions, concessions and exemptions available to those that are eligible. From 1 July 2012: [32] The rate of payroll tax is 4.75%. The annual threshold is $1,100,000. The monthly threshold is $91,666.
The low income tax offset (LITO) is a tax rebate for Australian-resident individuals on lower incomes. Since 2012–13, the maximum amount of LITO is $445, and the offset cuts out when taxable income reaches $66,667. [13]
Carrier-grade NAT. Carrier-grade NAT (CGN or CGNAT), also known as large-scale NAT (LSN), is a type of network address translation (NAT) used by ISPs in IPv4 network design. With CGNAT, end sites, in particular residential networks, are configured with private network addresses that are translated to public IPv4 addresses by middlebox network address translator devices embedded in the network ...
The National Broadband Network was initially a fibre to the home open-access network in planning and trial operation in Australia by the federal government. The national broadband network aimed to provide up to 1000 Mbit/s speeds and to connect to 93% of Australian households and businesses. [86]
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.
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Social security, in Australia, refers to a system of social welfare payments provided by Australian Government to eligible Australian citizens, permanent residents, and limited international visitors. These payments are almost always administered by Centrelink, a program of Services Australia. In Australia, most payments are means tested.