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Successful ATO review of fairness fund payments

Successful ATO review of fairness fund payments

We’ve had news this week of a former licence holder who has had a successful review of the tax liability on their fairness fund payment classed as capital rather than income and is now due to receive a tax refund. Our team has worked closely with the ATO over...
Tax reviews for taxi fairness fund recipients

Tax obligations for fairness fund recipients

Mr BARTON (Eastern Metropolitan) (12:20): My question is for Minister Jennings representing the Treasurer. Many times I have shared stories of former taxi licence holders who now struggle under financial pressure to pay down debt on lost licences. Through my talks...
Successful ATO review of fairness fund payments

ATO to review Victorian fairness fund payments

The Australian Taxation Office (ATO) will undertake a review of the Victorian Fairness Fund payments to the taxi and hire car industry following a query from Eastern Metro MP Rod Barton. Earlier this month Mr Barton wrote to the ATO on behalf of a number of former...