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09 May 11 Changes to delivery of LITO announced

In a joint media release No 2011/046, issued 9 May 2011, the Treasurer, Wayne Swan, and the Minister for Families, Housing, Community Services and Indigenous Affairs, Jenny Macklin, announced that from 1 July 2011, the Government will increase the proportion of the low income tax offset (LITO) that is delivered through workers' week-to-week pay packets from 50% to 70%.

This change means instead of being compensated after they put in their tax return at the end of the year, lower income earners are taxed less during the year.

 


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