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Wednesday, 3 December 1986
Page: 3254

Senator PARER —My question is directed to the Minister representing the Treasurer. Is it a fact that as from 1 July any tax liability arising from receipt of travel allowance payments will be assessed under the Fringe Benefits Tax Act? Does this mean that any excess of travel allowance remaining after reasonable expenses have been deducted will be taxed in the hands of the employer, not the employee? In a case such as that of the Treasurer, is it true that any tax liability will be incurred not by the individual receiving the travel allowance but by the Commonwealth Government?

Senator WALSH —If I understood the question correctly, I was asked whether travelling allowance paid in cash from 1 July next will be taxable under the Fringe Benefits Tax Act. I do not know but it seems unlikely that that would be the case because that allowances is paid in cash.

Senator Messner —Wrong, again.

Senator WALSH —I did not claim that I was right. If that is the case, I will get confirmation from the Treasurer along with answers to the other questions that Senator Parer asked in a pathetic attempt, in the most oblique manner, to try to keep alive the Opposition's stunt of the week.