The Veterans’ Affairs Legislation Amendment Bill 2012 was passed this on Wed 22.8.2012, by the House of Reps without amendment and now moves to the Senate.
Among other things, the Bill proposes to amend the ITAA 1997 to exempt from income tax, reimbursements made under the Repatriation Pharmaceutical Benefits Scheme and the Military Rehabilitation and Compensation Act Pharmaceutical Benefits Scheme, including payments under the new Veterans’ Pharmaceutical Reimbursement Scheme.
[LTN 162, 22/8]