LAFHA
Dec 20th 2008, 6:49 pm
#1
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Joined: Dec 2008
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LAFHA
could someone please explain to me how LAFHA works. many thanks
Dec 20th 2008, 7:10 pm
#2
Worongary
Joined: Sep 2005
Location: GC hinterland
Posts: 10,288
Dec 20th 2008, 9:51 pm
#3
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Re: LAFHA
What is a living away from home allowance fringe benefit?
A living away from home allowance is an allowance the employer pays to an employee to compensate for additional expenses incurred, and any disadvantages suffered, because the employee is required to live away from their usual place of residence in order to perform their employment-related duties.
Employees who move to a new locality with an intention to return to their old locality at the end of the appointment would generally be treated as living away from their usual place of residence.
A 457 Visa holder is normally allowed to claim this allowance from the Employer, and it is the Employer who has to handle all the paperwork.
more info at:
http://www.britzinoz.com/page.php?34
A living away from home allowance is an allowance the employer pays to an employee to compensate for additional expenses incurred, and any disadvantages suffered, because the employee is required to live away from their usual place of residence in order to perform their employment-related duties.
Employees who move to a new locality with an intention to return to their old locality at the end of the appointment would generally be treated as living away from their usual place of residence.
A 457 Visa holder is normally allowed to claim this allowance from the Employer, and it is the Employer who has to handle all the paperwork.
more info at:
http://www.britzinoz.com/page.php?34
