ENVIRONMENT

FIFO tax losses draw industry concern

THE decision in the federal budget to remove tax zone rebate allowance from fly-in, fly-out workers in remote locations has drawn criticism from mining industry representative groups.

Jack Mcginn
CME is concerned at the decision to remove tax zone rebate allowance from FIFO workers in remote locations.

CME is concerned at the decision to remove tax zone rebate allowance from FIFO workers in remote locations.

The existing offset currently provides a tax break for FIFO workers who live or work in a remote area for more than 183 days during an income year, but will be changed to only cover those who live permanently...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.