During the continuing clearout of junk, today I came across my first tax return, from 1988-1989.
The highlights:
- I had a HECS debt of $900
- Income was $3167 from Austudy, and $2368 from my part time job
- The only other money earnt was a mighty $1.57 in bank account interest
- Total income a huge $5536, with $42 deducted in tax
- $5 donated to the Salvos and $28 in self-education expenses made up my tax deductions for the year
Reminds me, should do this year’s soon.
6 replies on “My first tax return”
Hawkie’s hecs was around that long ago? While I am no supporter of the tories, where did the rot start? What was the part time job btw?
I think HECS started up just in time for me to start uni in 1989. I worked part-time at Hattams menswear in Elsternwick.
Prior to HECS was the $250 ‘tertiary administration’ fee from approx 1987. This was up-front and was abolished when HECS came in. HECS was a much larger fee but deferred, so was thought fairer.
My 1992 budget was similar. Approx $7k income (Austudy/rent allowance), $2k rent, $2k food, $1k sundry and $2k savings.
Well I copped both a $300 ‘general service fee’ (unclear what services I actually got for it, apart from a bunch of student politicians getting paid to do… what exactly?), *and* $5000 a year in HECS. I still owe $20k in HECS debt.
The $300 wasn’t the compulsory student union membership was it?
whoo wish my hecs debt was ONLY $900 :(
UTAS (University of Tasmania) has a deal where you can opt to not pay Union fees and pay a small amount to the uni for “amenities”…. few take the option!!