Draft Taxation Determination TD 2002/D3
Does any ppruner know of TD 2002/D3 that was waiting for me from my friendly accountant when I returned home to Oz this morning after 3 weeks away ?
The question being asked in the draft is this and I quote " Income tax : exemption for foreign service : do periods of physical presence in Australia constitute a break in foreign service for the purposes of section 23 AG of the Income Tax Assessment Act 1936 ("ITAA 1936") ? "
The actual draft is four pages long , uses an example on page two about an airline pilot who is based o/s and flys internationally and who spends time in Oz.
The draft invites comments up to 8 May 2002 and says on page three paragraph 9 that " This Draft Taxation Determination , when finalised , will apply from 1 July 2002 onwards or its date of effect , whichever is the later. "
Needless to say that this gem from the Australian Taxation Dept. could have serious ramifications on the residency status of many pilots and all that any adverse ruling would entail.
Where are the AFAP when you need them ! HELP !!!!!!!!!