what financial year are we in in australia
Fiscal year
In Australia , a fiscal year is commonly called a `` financial year '' ( FY ) and starts on 1 July and ends on the next 30 June . Financial years are designated by the calendar year of the second half of the period . For example , financial year 2017 is the 12 - month period ending on 30 June 2017 and can be referred to as FY2016 / 17 . It is used for official purposes , by individual taxpayers and by the overwhelming majority of business enterprises . Business enterprises may opt to use a financial year that ends at the end of a week ( e.g. , 52 or 53 weeks in length , and therefore is not exactly one calendar year in length ) , or opt for its financial year to end on a date that matches the reporting cycle of its foreign parent . All entities within the one group must use the same financial year . 
In Australia , a fiscal year is commonly called a `` financial year '' ( FY ) and starts on 1 July and ends on the next 30 June . Financial years are designated by the calendar year of the second half of the period . For example , financial year 2017 is the 12 - month period ending on 30 June 2017 and can be referred to as FY2016 / 17 . It is used for official purposes , by individual taxpayers and by the overwhelming majority of business enterprises . Business enterprises may opt to use a financial year that ends at the end of a week ( e.g. , 52 or 53 weeks in length , and therefore is not exactly one calendar year in length ) , or opt for its financial year to end on a date that matches the reporting cycle of its foreign parent . All entities within the one group must use the same financial year .
In Australia, a fiscal year is commonly called a ``financial year'' (FY) and starts on 1 July and ends on the next 30 June. For example, financial year 2017 is the 12 month period ending on 30 June 2017 and can be referred to as FY2016/17.
In Australia , a fiscal year is commonly called a `` financial year '' ( FY ) and starts on 1 July and ends on the next 30 June . For example , financial year 2017 is the 12 - month period ending on 30 June 2017 and can be referred to as FY2016 / 17 .