If the taxpayer is earning from business and/or investment activities, it may be necessary to pay a regular amount by instalment to ATO for the total tax amount to be expected at the end-of-the-year. This instalment system is called Pay As You Go Instalment (PAYGI).
Fringe benefits tax (FBT) is the tax on some of the benefits provided to employees but employers are the responsible party to pay this tax to Government.
Australian Securities and Investments Commission (ASIC) is a government body that ensures and regulates the financial market and economy performance in Australia.
