Australia


History
The first people to live in were called Aborigines. They
migrated there about 40,000 years ago. The continent remained relatively
unknown by outsiders until the 17th century. The first Europeans to settle
were British convicts in 1788. They arrived at Botany Bay in southeastern
Australia. Australia grew as a group of British colonies during the 19th
century, and in 1901 the colonies federated to form a unified independent
nation.

National Government

The federal parliament consists of a bicameral legislature. The
House of Representatives has 146members elected for three years by a
popular vote. The Senate has 76 members also elected by popular vote, but
for a six year ...

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at referenda in all six colonies. It reserves for the
Federal Government the power over defense, foreign affairs, trade and
commerce, taxation, customs and excise duties, pensions, immigration and
postal services. Other powers are left with the States, but federal law
prevails if there is a conflict over concurrent powers. The Federal
Government also has the power to ensure observance at the state level of
Australia's international treaty obligations.

Currency

Australia's currency is called the decimal with the dollar as the
basic unit. (100 cents equals $1). These notes come in denominations of
$100, $50, $20, $10, and $5. The coins come in 5c, 10c, 20c and $1, and $2
denominations.

Taxes

The principal elements of the main federal taxes of Australia are
namely income tax, capital gains tax, and fringe benefits tax.

Income Tax

Tax payable = (assessable income - allowable deductions) x
applicable tax rate
Payable by = person who derives ...

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that
would otherwise have been deductible to the employee under the income tax
provisions if the amount had actually been incurred by the employee

State and Territorial Government

Australia is divided into six states - New South Wales, Victoria,
Queensland, South Australia, Western Australia and Tasmania - and two
territories: the Australian Capital Territory and the Northern Territory.
The states and territories each have a capital city, flag, and even
their own flora and fauna emblems. Australia is also responsible for
administering seven external territories: Norfolk Island, Cocos (Keeling)
Island, Christmas Island, Ashmore and Cartier Islands Territory, ...

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Australia. (2005, September 26). Retrieved July 25, 2017, from http://www.essayworld.com/essays/Australia/33936
"Australia." Essayworld.com. Essayworld.com, 26 Sep. 2005. Web. 25 Jul. 2017. <http://www.essayworld.com/essays/Australia/33936>
"Australia." Essayworld.com. September 26, 2005. Accessed July 25, 2017. http://www.essayworld.com/essays/Australia/33936.
"Australia." Essayworld.com. September 26, 2005. Accessed July 25, 2017. http://www.essayworld.com/essays/Australia/33936.
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PAPER DETAILS
Added: 9/26/2005 11:19:13 AM
Category: Geography
Words: 2035
Pages: 8

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