The treasury has set a deadline of the Tuesday after next for comments on its legislation to end the Living Away From Home Allowance for most workers.
The axing of LAFHA is of particular relevance to agencies and the media industry because of the high proportion of overseas staff it employs. Knock-on effects include increased mandatory super contributions from employers and a significant reduction in take home pay for those affected.
The plan was confirmed in last week’s Budget although there was confusion over the possibility of a two year transition period. Today’s draft spells out that this will not be available for anyone with homes overseas.
The Treasury has released an explanation of its plans, along with a draft of the new legislation. Anyone wishing to comment has until Tuesday May 29. Details of how to do so are available here.