fbpx

Newsroom

 

Latest News

Parliament

Media Releases

TAX IMPLICATIONS ON FAIRNESS FUND PAYMENTS

Jul 21, 2020 | Achievements, News

We are receiving further good news from those who received an allocation from the Fairness Fund and then paid tax as a result of the payment being considered income by the ATO. Our team has worked with affected individuals and the ATO for more than a year. We recently received notice that yet another one of our members has received a tax refund and in this case it amounts to $90,000!

Everyone has different circumstances. However, if you received a fairness fund payment, you paid income tax on that payment and you then left the industry because you no longer owned a licence or you ceased driving or operating – please seek advice from your accountant to review the tax implications of your fairness fund payment.

If you or your accountant have any queries please contact Linda De Melis from my team on Mbl: 0439 654 552

Share this:

Related News

Would you support S Plates for the Elderly?

Would you support S Plates for the Elderly?

Yesterday, I participated in a conversation with Oliver Peterson on radio station 6PR Perth. "Should we have S plates for senior drivers? We have L plates for learner drivers and P plates for probationary drivers." I say no! Hear the conversation below.

Queensland Taxi Review – Letter to the Minister

Queensland Taxi Review – Letter to the Minister

Recently, I have been asked by some taxi licence holders in Queensland if I could write to the Queensland Transport Minister Mellish, expressing my view on the unintended consequences of the taxi reforms that came into play in 2018 in Victoria. Queensland has so far...

Uber “Kill Switch” Claim

Uber “Kill Switch” Claim

The class action against Uber by Maurice Blackburn is scheduled for the second week of March in the Supreme Court. It has been a long journey, and a long time coming. Much work has been done by an extremely talented team to get here. Over 8000 registrants around...