13 Oct 11 2011 Measures No 6 Bill awaits Royal Assent
On 13 October 2011, Tax Laws Amendment (2011 Measures No 6) Bill 2011 was passed by the Senate without amendment.
The Bill amends:
- ITAA 1997 to provide that the outer regional and remote payment made under the Better Start for Children with Disability initiative is exempt from income tax; and update the list of deductible gift recipients; and
- Fringe Benefits Tax Assessment Act 1986 to provide that transport costs from an employee's residence to their employment in a remote area overseas is exempt from fringe benefits tax.
The Bill now awaits Royal Assent.