Budget reform proposals aim to simplify taxation for all
The proposal would streamline the tax system by consolidating reliefs and removing complex calculations. It envisions a single, transparent method for determining taxable income, with simplified rates and printed liability figures on assessment notices. It also seeks to extend allowances for dependents, pensions, and medical expenses while raising the age for certain benefits.
MENTIONED IN THIS ARTICLE
beneAta
Fin Easa
Tacmada
Raton
Lexpreach
Wool industry taxation debate outlines inflation pressures
The speech discusses expanding welfare and tax measures including life pension concessions and medical funds, funding shifts to a National Warfare Fun, and proposals to tax increased wool profits to curb inflation. It mentions a £29 million loan fund and changes to revenue provisions for 1961-98.
MENTIONED IN THIS ARTICLE
Furance
Weston Ous
Tor-Miliani
Tme
Adden
Trong
Lesuers
Fadgen
Timea
War Service
Tax changes expand sales tax with higher rates on luxury goods
The bill outlines higher sales tax on luxury and other goods while exemptions apply to food staples and tractor use. Motor cars face a rate rise from 8 1 9 to 10 percent, with other vehicle related items staying in the French rate. Government expects substantial revenue, while exemptions aim to remove competitive anomalies. War pensions allocations and planning funds are also listed for the 1960 81 period.
MENTIONED IN THIS ARTICLE
Punden
Sande Wich
Cot J Fia
Expenditure Shifts Highlight Defense and Treasury Increases
Parliament reviews 1960/ BI budget shifts with Treasury up by £7,500 and Defense Services leaping to £133,989,000 from £41,740,651. Labour and Supply departments see late votes, while Defence Works costs total £93,105,729. Members of the House and Senators receive fixed stipends.
MENTIONED IN THIS ARTICLE
Treasury
Labour
National Service
Department of
Pua, Hippie and ‘Transport
Defenich
Isfence Cfvices
House of Rs- Presmissives
Australia Budget Proposes Higher Overseas Embassy Costs
The Department of the Budget allocates 41 280 000 this year with overseas embassy upkeep rising by 300 000. The Australian Embassy in the United States gets 1 138 000 versus 190 046 spent last year, while Russia’s embassy is set at 102 000. Also noted are costs for a Premiers Conference, Prime Minister's UK and America trip at 64 500, and a United Nations representation budget of 161 000. Administrative costs total 808 000 for 1950.
MENTIONED IN THIS ARTICLE
Aneecme Sunners Department
Beem
North America
McMwen
United Nations Organization
National Bank Declares 3 Percent Dividend in Sydney
The National Bank of Australia declares a final dividend of 3 percent on all issued shares for the year. The book close begins at noon on November 21 and continues until the close of business on November 26.
MENTIONED IN THIS ARTICLE
Sydney
Te National Bank of Autrminals Ld
Hiss
A rare family event at Leaes and Civil Aviation
A rare family gathering at Leaes and Civil Aviation brought together relatives and aviation staff, highlighting communal ties and shared history in the industry. The event showcased memorabilia and stories from early aviation days, drawing former pilots and engineers to reconnect.
Also Mentioned on This Page
National Bank
Sipen
Will
National Bank Australasia Limited
Victoria
Vareyan Park
Genge
Hriesler, Tajple
Tae
Filsina Tamle Model
Hriesler
Soncic
Fadden
Ernment Alan
Bruce Burgis
Canberra
R. Kennard
Civic
Lywhe
Manuka
Bambyige
Aio
Faust
le Aes
Civil
Australia
Mmpute
Widnat
Morris
Nupfield Universal
Morris Marine Engines
Morris Industrial Engines
Soult
Scar ‘Wert
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