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2) Now that you've provided the TFN Declaration form, you will not be taxed at the high rate and that should apply from your next pay. In fact, at your age, I'd be amazed if you will earn enough to have ANY tax deducted. 1) You have definitely not lost the additional tax that has been deducted, but you will not get it back until you lodge a tax return after 30 June next year.
You will then get it all back as a tax refund.
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