Page 14 - drive a2b nov 2019 web_Neat

VICTORIA
Fairness
NEWS

Fund

payment

TAXES

I've been working with the Through talks with a Rod Barton MLC
Australian Taxation Office number of individuals, it Leader, Transport Matters Party
for some time now helping appears that banks put
members of the taxi a great deal of pressure
ROD B
industry who have been hit on recipients of both burdens are just another
with large tax bills following Transition payments and "unexpected consequence"
Fairness Fund payments. Fairness Fund payments of these ill conceived
ART
to pay down their debts, reforms.
For those who have left and in some cases pushed
the industry, or who held them to sell their homes to I explained to the Minister
licences and weren't do so. that they were dealing with
operating, there may be small business owners
ON MP
an option to review tax But, it seems at no point did here. Taxi and hire car
obligations. I would urge the banks or the Fairness drivers. Hard working
anyone who received a Fund administrators advise people, not accountants or
Fairness Fund payment these people of the coming lawyers.
to get in touch with their tax debts on Fairness Fund I know that many in the
accountant to review payments. industry had incredible
whether they might be In October I questioned the debts on their licences -
eligible for review. property that they thought
Victorian Treasurer Tim
Pallas, on the intention of would be their nest eggs,
I have heard and shared Fairness Fund payments their superannuation. Now
many stories of former and whether tax advice had many find themselves out
taxi licence holders who been given to recipients of of the industry, or even if
are now struggling under Fairness Fund payments they are still working, they
financial pressure to pay following the Commercial are all struggling to pay off
down debt on lost licences Passenger Vehicle Industry debt and tax obligations.
and tax bills that have reforms of 2017.
resulted from Fairness I hope that some will now
Fund payments. These distressing tax be able to get some tax
relief.
14 DRIVE A2B magazine · November 2019