In considering possible amendments to Remote Area Tax Concessions and Payments, the
NFF would argue that the principle of equity, one of the three key design principles for the
tax and transfer system, warrants the agricultural sector and rural communities receiving
special consideration in the taxation system. This consideration is warranted in light of the
many financial and lifestyle challenges associated with living in rural areas and working in
the agricultural industry.
Our overall recommendations are that the ZTO and FBT tax concessions be retained and
increased to provide meaningful compensation for the challenges of living in remote areas.
We also recommend that the objectives of these policies be expanded to include incentivising
people to work in rural and remote regions of Australia.
Add comment