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Exposure Draft - Extension of FBT Exemption for Fly-In Fly-Out Arrangements


Monday, 28 February 2011

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The Treasury has released for public consultation an exposure draft of legislation that will extend the fringe benefits tax exemption for Australian residents working in remote locations on a fly-in fly-out basis to Australian residents working in similar remote locations overseas.

Extending the exemption will ensure that Australian residents working in remote areas on fly-in fly-out arrangements are taxed consistently, regardless of whether they are working in Australia.

The new rules will apply to fringe benefits provided after 1 July 2009, when Australian residents working in remote areas overseas potentially became assessable on their foreign employment income.

Making a submission

Interested parties are invited to comment on the exposure draft bill and explanatory materials. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Monday, 28 March 2011

Address written submissions to:
The Manager
Philanthropy and Exemptions Unit
Personal and Retirement Income Division
The Treasury
Langton Crescent
Email: FBT@treasury.gov.au

For enquiries, please call Fiona McLaren (02) 6263 3010.

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  12.60kb
Explanatory Material  48.14kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  4,561.66kb
Explanatory Material  260.61kb

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