Complex sentence: In Australia, a fiscal year is more commonly called a "financial year" which starts on 1 July and ends on the next 30 June and is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises.
Split into simpler sentences: In Australia, a fiscal year is more commonly called a "financial year" which starts on 1 July and ends on the next 30 June. It is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises.