Hi All,
I began employment in a position which is currently covered by the Building & Construction Award (MA000020). As part of the job, I am paid a daily fares allowance which, as I understand, is fully reportable and subject to tax. It is also to my understanding that I can claim back work related car expenses if there was an industrial agreement in place as of 26th October 1986.
As far as I know, the Building & Construction Award was in existence on the 26th October 1986 however was known as a different name. From a bit of online research, I believe it was listed in the award that daily fares should be paid at $7.60/day, however, I am not sure as I can't seem to find a copy of the award.
My question is when making a tax deduction, do to use the value listed in the current award (MA000020)?
518 views
4 replies