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  2012

LAFHA Reform - Throwing the Baby out with the Bathwater

Source: South Australia

Published Date: 17 Apr 2012

 
On 29 November 2011, the Australian Treasurer Wayne Swan announced changes to the Living Away from Home (LAFH) Allowance and other associated benefits.

Coming into effect on 1 July 2012, these changes will impact who can claim LAFH benefits and how these benefits will be taxed. These changes have the potential to significantly impact your mobile workforce by increasing the compliance burden and removing the ability for many to access the tax concessions:

This event covered:

  • an overview of the current rules applicable to 30 June 2012
  • the proposed reforms announced on 20 November 2011 including transitional rules
  • flow on impact to other provisions withing FBT regime
  • impact on employers
  • examples of LAFHA impact post 1 July 2012
  • submissions and representations
  • key employer actions in the lead up to 1 July 2012.

Throwing the baby out with the bathwater

Author(s): Adrian Pennino , Jacqui Tucker CTA
Materials from this session:

Details

  • Published On:17 Apr 2012
  • Took place at:InterContinental Adelaide, North Terrace Adelaide

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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2012

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