Pilots of Australia - time to unite - Meeting Aug 23

[blow.n.gasket]

From the ATO website:


Exempt foreign employment income - Changes to qualifying conditions effective from 1 July 2009



In the 2009-10 Federal Budget, the government announced changes to the exemption rules for foreign employment income derived by Australian residents who are engaged in foreign service for a continuous period of 91 days or more. The exemption is provided under section 23AG of the Income Tax Assessment Act 1936.
Tax Laws Amendment (2009 Budget Measures No. 1) Act 2009, which received royal assent on 29 June 2009, amended section 23AG to limit the exemption for foreign employment income to certain types of employment.
From 1 July 2009, an exemption from income tax on foreign employment income will only be available if your foreign service is directly attributable to any of the following:
the delivery of Australian official development assistance by your employer
the activities of your employer in operating a public fund declared by the Treasurer to be a developing country relief fund; or a public fund established and maintained to provide monetary relief to people in a developing foreign country that has experienced a disaster
the activities of your employer as a prescribed institution that is exempt from Australian income tax
deployment outside Australia by an Australian government (or an authority thereof) as a member of a disciplined force
an activity of a kind specified in the regulations.
If the foreign service is not directly attributable to the activities mentioned above, you do not qualify for the exemption.
If you do not qualify for the exemption, the foreign employment income will need to be included in your tax return as assessable income and you may be entitled to a foreign income tax offset for amounts of foreign tax paid.
For more information

See: The Treasurer’s 2009 media release No.066
Changes to the taxing of foreign income





Jetstar's head of corporate relations, Simon Westaway, refused to comment on the pilots' plans, saying that the airline ''does not respond to speculative commentary''.

He said that more than 70 Jetstar pilots had expressed an interest in working on the new Singapore to Melbourne route where pilots would be ''well remunerated'' on''Singapore terms'' and ''enjoy the benefits of a Singapore basing, including their low tax environment''. He declined to comment on how much they would be paid.


Is Simon telling porkies???
Singaporean tax rate of 15%, me thinks not!
Ceveat Emptor !