In Australia, you are required to report all income sources on your tax return, regardless of how small they are. This includes income from wages, salaries, investments, business income, rental income, and any other sources of income. You may also be eligible to claim deductions for expenses related to earning your income, such as work-related expenses, investment expenses, or rental property expenses.

It is important to ensure that you report all income sources accurately and fully, as failing to do so can result in penalties and interest charges. If you are unsure about which income sources to report or how to do so, you may wish to seek the advice of a tax professional or use online tax preparation software.
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