NO.079

The Government’s tax reform package A New Tax System announced that the

fringe benefits tax exemption for remote area housing provided by primary producers would

be extended to mining industry employers from 1 April 2000.

The Government has decided to broaden this exemption to all employers who provide

remote area housing fringe benefits to their employees. This measure will provide

assistance to small businesses, remote area communities and State and local governments

and highlights the Government’s commitment to the promotion of development in rural

and regional Australia.

Extension of the exemption will provide a $15 million boost to employers in

Australia’s remote areas, and assist in job creation.

The measure will take effect from 1 April 2000.

25 November 1999

Contact: Niki Savva (02) 6277 7340