#displaysofwealth — Public Fediverse posts

@neltnerb
Hi Brian, there is no 10% GST on fresh food, and milk, bread, dairy, even minimally processed meats, sanitary items. We can thank a #minorParty, the #AustralianDemocrats, for ensuring that a few other essentials were added to the exemption.

Processed foods do attract the 10%.

Pre GST there was a #luxuryGoodsTax for #displaysOfWealth items, like #yachts and #sportsCars, that was unfortunately brought under the umbrella of GST.

@clacke @strypey @wyatwerp