Income tax in Australia is imposed by the Federal Government on the taxable income of individuals and corporations. All individuals who earn income in Australia generally pay income tax, unless their income is below a certain threshold or their income is exempt from tax.
Income tax can be charged on:
Individual tax income rates are published on the Australian Taxation Office's website.
The Australian Securities & Investment Commission (ASIC) provides information for finance professionals, businesses and consumers. The site has information on licensing and standards.
ASIC manages the Financial Advisors Register.
Financial advisor examination information can be found on the ASIC page Educational Requirements.
MoneySmart is a website run by the Australian Securities and Investment Commission (ASIC) to help people learn about and control their finances. It offers free advice regarding:
The website is one of the key initiatives in the National Financial Capability Strategy.