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Outline of Australian Taxation Office as financial services firm

by Australian Taxation Office
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Australian Taxation Office collects 92 percent of the Australian government’s revenue. The financial franchisor business aims at managing as well as shaping revenue system that leads to economic and social policy along with fund services for Australians. The financial services firm manages revenue through a wide range of collection system that includes GST that are collected by the Australian Government an behalf of state and territory government, income tax, superannuation and excise and not custom duty. Australian Taxation Office in addition offers a wide range of benefits and refunds such as GST refunds and income tax, family tax benefits, excise grants, baby bonus and superannuation guarantees.

The financial franchisor business also addresses broder issues that affect Australia’s systems like persistent tax debtors, aggressive tax planning, globalization and cash economy. The financial services firm administers main areas of legislation such as income tax, makes payments withholding and instalments, goods and services tax, fringe benefits tax, excise duty, grants and schemes in relation to diesel and alternative fuels, and superannuation, higher education funding (on a joint basis), the Australian business number and Australian Business Register.

Australian Taxation Office supports delivery of community benefits along with roles in other areas such as private health insurance, cross-agency support and family assistance. 16.01.2008

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Contact Australian Taxation Office

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