Search results
Results from the WOW.Com Content Network
Payroll tax is a general purpose tax assessed on the wages paid by an employer in Western Australia. The tax is self-assessed in that the employer calculates the liability and then pays the appropriate amount to the Office of State Revenue, by way of a monthly, quarterly or annual return. From 1 July 2014: [32] The rate of payroll tax is 5.5%.
The income of partnerships and trusts is not taxed directly, but is taxed on its distribution to the partners or beneficiaries. Income tax is the most important source of revenue for government within the Australian taxation system. Income tax is collected on behalf of the federal government by the Australian Taxation Office.
In consequence, the federal government introduced a fuel excise tax and gave the revenue to the states. Queensland used to provide an 8.354c/L subsidy on most fuels sold in the state, including on unleaded, blended unleaded, LPG and ethanol. The subsidy reflected the lower franchise fee Queensland charged compared to other states prior to 1997.
South Australia was the first Australian state to introduce a land tax, based on the unimproved capital value of land, in 1884. [6] [7] In 1910, George Allen (first secretary to the Treasury) founded the Land Tax Office to service land taxes at the federal level as a form of wealth tax and as a means to break up large tracts of underutilised land.
Les Bury, federal treasurer in the Gorton government from 1969 to 1971, was an early supporter of a broad-based national consumption tax, believing that states needed a revenue source of their own without resorting to a reintroduction of state income tax. [6]
There are 21 Queensland Government departments, each responsible for delivering a portfolio of government legislation and policy. [1] Each portfolio area is led by a minister who is a senior member of the governing party in the state Legislative Assembly .
The Department of the Premier and Cabinet is a department of the Queensland Government. It is responsible for advising and supporting the Premier and Cabinet, and for managing the state's public sector alongside the Public Service Commission. [2] The department's headquarters are at 1 William Street in the Brisbane CBD.
The Treasurer of Queensland is the title held by the Cabinet minister who is responsible for the Queensland Treasury, and by extension, all financial matters of the Queensland Government. [ 1 ] List of Queensland treasurers