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Is the retirement age in Australia changing to 70?
In 2023, the qualifying age for the Age Pension rose to 67. There are no official plans to raise it again, but discussions about increasing it to 70 continue to surface, especially as Australians are living and working for longer. If it does change, its likely to be phased in gradually, giving people time to prepare.
How much is $100,000 a year taxed in Australia?
Tax cuts from 1 July 2024 Income2023-24 tax paid2024-25 tax paid $80,000 $16,467 $14,788 $90,000 $19,717 $17,788 $100,000 $22,967 $20,788 $110,000 $26,217 $23,78815 more rows
Do I really own my land in Australia?
In Australia and New Zealand, land is predominantly held under the Torrens Title system, although remnants of General Law Title (deeds of conveyance) still remain. All land in the Australian Capital Territory is leasehold (effectively Torrens freehold) and much of the Northern Territory is held under Crown lease.
What is the biggest drug problem in Australia?
Cannabis is the most widely used illicit drug in Australia. The non-medical use of pharmaceutical drugs is an ongoing concern internationally.
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