Category: Rant
Tax fairness for school leavers restored.
From 1 July 2006, school leavers will be entitled to the same tax-free income threshold as most other taxpayers. Under the previous rules, the threshold (currently $6,000) was pro rated in the year in which the student ceased full time study. Exemptions for income earned whilst studying served to make the tax calculation for your…
Read MoreGovt again promises to cut back red tape
About 12 years ago, when John Fahey was the member for the federal seat of Macarthur, he and then Minister for Small Business, Jeff Prosser addressed a meeting of the Campbelltown Chamber Of Commerce. John Fahey said “what makes this government different from any previous government is our total committment to reducing red tape for…
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