Beginning a Life in Australia Welcome to Australia dss1690. 12. 15 Edition date
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Small businessesSmall businesses are an important part of Australia’s economy. There is help available if you want to start your own business. Go to www.business.gov.au/business-topics/starting-a-business/Pages/default.aspx if you are considering starting a small business. For information about the Small Business Education Program offered by the Australian Competition and Consumer Commission, go to www.accc.gov.au/about-us/tools-resources/small-business-education-program If you want to start a business in Australia, you will need your TFN to apply for an Australian business number (ABN). Other registrations may also be required, including:
Having an Australian business number means you are running your own business. If you are unsure whether you are ‘running a business’ or you are being pressured to obtain an ABN in order to work, call 132 866. You pay tax on your business’s income and you may need to pay tax on capital gains you make if you sell your business or an asset. You can also claim deductions for expenses that relate to earning your business income. If you have employees, you may have to pay superannuation for them and take tax from their pay to send to the ATO. You must do this even if they are family members. To set up a business you will need to obtain approvals from government agencies. Do not offer gifts or money to influence or speed up a decision. To offer such incentives is illegal and will be reported. To help businesses and individuals understand their tax entitlements and obligations, the ATO has help and information in English and translated publications. The Australian Business License and Information Service (ABLIS) can help you meet your other compliance responsibilities. For more information:
Loans and creditTaking out a loan or using credit is when you borrow money and agree to pay it back at a later date with an additional charge, known as interest. Some of the different types of loans are personal loans, home loans, credit cards and overdrafts. The cost of a loan will vary greatly depending on the type of loan, the lender, how long you take to pay it back, the interest rate and fees and charges. It is important that you do not take on a loan or use your credit card if you cannot afford to repay it. For advice on credit, loans and borrowing, go to www.moneysmart.gov.au/borrowing-and-credit InsuranceInsurance is when you pay an amount of money each year that gives you financial protection against loss or damage. The insurer agrees to compensate you for a loss rather than you having to pay for that loss yourself. Common types of insurance are health (see Chapter 9, Health and Wellbeing), home building insurance, home contents insurance, travel, life and car insurance. It is important to understand the insurance policy and how much it will cost before you agree to enter into the agreement. There are different types of car insurance available. If you own a car it is compulsory to have third party insurance (“CTP”). This will cover you if you injure another person in an accident. You may also like to purchase comprehensive car insurance, which provides wider insurance cover, such as covering some of the costs of any damage to your car (or other person's car) if you are in an accident, or if your car is stolen. For more information on insurance, go to www.moneysmart.gov.au/insurance Directory: sites -> default -> files -> documents documents -> North Mankato Taylor Library documents -> In the Red and Brown Water documents -> - documents -> Cbp and Trade Automated Interface Requirements Appendix: pga december 22, 2015 documents -> Ace abi catair customs and Trade Automated Interface Requirements documents -> Ace abi catair customs and Trade Automated Interface Requirements documents -> Mobile audio/video recording systems documents -> The south australian government gazette documents -> All public acts appearing in this gazette are to be considered official, and obeyed as such documents -> Union interparlementaire inter-parliamentary union Download 1.07 Mb. Share with your friends:
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