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May 17, 2012
The Australian Government has confirmed this week that there will be no transitional rules available to temporary residents in the recently outlined changes to LAFHA legislation.
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May 10, 2012
Following further information today from Treasury, there is now uncertainty around whether the transitional arrangement announced apply on the LAFHA reforms as a whole, or whether it is only applicable on the additional reforms announced.
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May 09, 2012
Employees receiving LAFHA prior to yesterday's 2012-13 Commonwealth budget announcement by the Australian Government may have been given a two year reprieve before the announced budget reforms will affect their eligibility for the tax concession.
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March 21, 2012
The anxious wait continues for many businesses and individuals who may be affected by proposed changes to LAFHA legislation, first announced by the Government last November.
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December 14, 2011
These questions and answers have been put together to help you learn more about the proposed changes to LAFHA legislation and to better understand how they could affect you.
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December 06, 2011
Submissions are now open regarding the proposed changes to LAFHA legislation announced by the Australian Government in November, with a consultation paper released by the Hon Bill Shorten MP, Assistant Treasurer and Minister for Financial Services. Submissions close 3 February 2012.
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November 29, 2011
The Australian Government has today released their Mid-Year Economic and Fiscal Outlook (MYEFO 2011-12). At this time, two key points have been flagged as potential changes.
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Info for employers
- How will your employees be affected?
- Do you understand the legislative changes?
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Info for employees
- When do changes come into effect?
- How will LAFHA be taxed?
- How long can I continue to receive LAFHA?
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