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Woolworths: The First Few Australian Owned Businesses

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Australian owned businesses were developed due to overseas countries taking Australia’s money because they weren’t having to pay taxes. The first few Australian owned businesses were:
Woolworths: Woolworths first opened up in 1924 in Sydney's Pitt Street. Woolworths now has been running for over 60 years and has many stores in Australia.
Common Wealth Bank of Australia: Commonwealth banks was opened in 1817 and was the first bank established in Australia.
Australia benefits from Australian owned businesses by:
Giving more access to jobs for Australians
Keeps profits in Australian to reinvest for the future
Helps the Australian economy
This ensures that the money made by these businesses, stay in Australia.

An example of a business that
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