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between the Reserve Bank of Australia and Australian Prudential Regulation Authority. The case is all about the investigation and decision taken by Reserve Bank of America that has affected the banking industry. The Reserve Bank of Australi...
arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one ...
have a unique system of payment for their services. The general practitioners use the bulk billing system that allows them to earn income after they have provided services to patients for the entire month. Practitioners that use this system...
Taxation Office ( ATO ) monitors the compliance with tax laws and is responsible for the collection of taxes. The main taxes are described briefly below: •Income Tax: This is the main source of income for the state. The basic tax rate, whic...
Finance Assignment Introduction Balance of payments, exchange rate regime and monetary policy are basic factors that play an imperative role in the economic development of a country like UK. It is very difficult for a country to control th...
System Abstract Most definitions of health cluster around one of two views: health as the absence of illness and infirmity (freedom from disease, dysfunction, and disability), or health as a positive well-being (a state of equilibrium, adap...
taxation. The Income Tax Assessment Act (ITAA) is followed all over Australia. According to ITAA, income tax is levied upon “the taxable income derived during that tax year by any person”. In case of a real person, different to a natural pe...