Newsletter
November 2012 Newsletter
Living-away-from-home concessions set to get tougher
The Government has made a raft of changes concerning living-away-from-home allowances (LAFHAs) and benefits. Essentially, the Government is restricting access to the concessions. Employers and employees who may be affected need to take note. The changes started on 1 October 2012, although there are grandfathering provisions to preserve tax concessions for a limited time for some arrangements that were in place prior to Budget night (8 May 2012).
TIP: The changes raise significant issues for affected employers and employees. If you have any questions, please contact our office.