*LAFHA (Living Away From Home Allowance) reform: draft legislation released [A5]
The Assistant Treasurer on Tue 15.5.2012, released draft legislation proposing to implement reforms to the tax concession for living-away-from-home allowances (LAFHA) and benefits as announced in the 2011-12 Mid-Year Economic and Fiscal Outlook (MYEFO) and the 2012-13 Budget. The Government said it is reforming the tax concession “by better targeting it at people who are…