Press Release - Tax Changes to Living-away-from-home Allowances and Benefits Introduced into Parliament [28/06/2012]

A Bill introduced into the Parliament today will implement a range of improvements to Australia's tax laws, including those relating to living-away-from-home (LAFH) allowances and benefits, said Assistant Treasurer David Bradbury. These reforms will not affect:. 'Our reforms to the tax concession for LAFH allowances and benefits will ensure that this taxpayer-funded tax break can't be misused or exploited,' said Mr Bradbury.

Source: http://media.australia.gov.au/notify/click.cgi?url=http%3A%2F%2Fassistant.treasurer.gov.au%2FDisplayDocs.aspx%3Fdoc%3Dpressreleases%2F2012%2F055.htm%26amp%3BpageID%3D003%26amp%3Bmin%3Ddjba%26amp%3BYear%3D%26amp%3BDocType%3D0&collection=releases&rank=16&auth=Uls%2BdiyigzydcoiFfl2cUQ

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