The Government announced reforms to the FBT treatment of living-away-from-home benefits in the Mid-year Economic and Fiscal Update, and in the 2012-13 Budget. An exposure draft of the legislation was released for public consultation.
Treasury has advised that it received 107 submissions in response to this consultation, including one from The Tax Institute. Of these submissions, 7 were confidential. For access to the public submissions, go here and click on View Submissions