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LAFHA Reform - Throwing the Baby out with the Bathwater

Published on 17 Apr 2012 | Took place at InterContinental Adelaide, North Terrace Adelaide, SA

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.

Individual sessions

Throwing the baby out with the bathwater

Author(s):  Adrian Pennino,  Jacqui TUCKER

This paper covers:

  • an overview of the current rules applicable to 30 June 2012
  • the Government proposed reforms
  • impact on other FBT concessions
  • impact on employers.
Materials from this session: