Consultation
Fringe Benefits Tax (FBT) Reform living-away-from-home benefits
Name
Mr Richard Francis
Organisation
Email
rich.francis90@gmail.com
Are you submitting on behalf of your Company
No
Do you want your submission to be confidential
No
Accessibility Statement
Yes
Submission files
Support files
Submission text
In the recently published consultation paper ?Fringe Benefits Tax (FBT) Reform living-away-from-home benefits?, I am unable to find any provision for a transition period for the many temporary residents, including myself, working here to support the Australian economy and business. 
I cannot see any commentary regarding the removal of the extortionate school fees that are paid by those temporary residents, including myself, in NSW and ACT. I have 4 children which means an education bill of $21,000.00 per annum. 
In total I receive benefits, through LAFHA, of a total of $1,150.00 per month ($13,800.00 per annum) net. This at least went some way towards offsetting these ludicrously high school fees (public school just to clarify). However from 1 July 2012 I, and so many others, will no longer receive even this dismal benefit. 
I genuinely hope that the majority of temporary residents will recognise this appalling treatment for what it truly is and opt to simply leave Australia, which would help to leave an enormous skills gap in the market and serve to demonstrate the short sighted and greedy approach of this government.