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Fringe Benefits Exemption
RAAF personnel could
save nearly $5000
March, 2001
The men and women of the Australian Defence Force who are either in receipt
of family allowance benefits or are required to make child support payments
are set to benefit from a Federal Government decision to exempt Defence
funded removals from the Fringe Benefits Tax reporting requirements the
Minister Assisting the Minister for Defence, Bruce Scott, announced recently.
Mr Scott said that each year some 3000 Servicemen and women are required
by Defence to move house within the locality of their existing posting.
'The Federal Government's decision to exempt Defence personnel removals
carried out at Departmental expense will preclude the reporting of a fringe
benefit, worth on average
$4850, to the members group certificate,' he said.
'The reporting of this additional income previously had the potential to
financially impact on Servicemen and women through reductions in family
allowance benefits and increases to income assessed payments such as child
support payments.
'There are many instances where personnel are required to move house within
their posting locality for reasons beyond their control, for example building
renovations and the availability of service housing.
'This decision demonstrates the Federal Government's commitment to
recognising the unique circumstances of ADF employment,'will Mr Scott said.
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