Tourism Accommodation Australia has backed calls by the NSW Government to scrap or droop the Fringe Benefits Tax (FBT) on meals and lodging.
NSW Treasurer Dominic Perrottet raised the concept at yesterday’s Sydney CBD Summit as a method to pump life again into the town’s struggling eating places, pubs and lodging inns.
TAA NSW and National CEO Michael Johnson, who attended the Summit, mentioned it was an thought the Association had been pushing for a while.
“The exemption of FBT on meals and accommodation was part of the TAA budget submission to the Federal Government and is far more wide-ranging than just bringing back the ‘long lunch’,” Mr Johnson mentioned.
“The ‘big end of town’ has already labored out the best way to keep away from FBT by internet hosting their very own boardroom lunches – it’s time to offer staff on the smaller finish the same break.
“Suspending FBT may imply a enterprise may reward an worker with a weekend away and a meal and never be taxed on it. This is a superb initiative to stimulate our sector and in addition a means cash-strapped companies can reward workers.
“It really would be a win for all parties and would make a difference – even as a short-term measure.”
Mr Johnson mentioned he additionally spoke with the Treasurer concerning the worsening expertise scarcity in hospitality, significantly throughout the areas, with out working vacation makers and worldwide college students.
“I discussed the return of international students with the Treasurer who confirmed he is spear-heading the initiative and is hopeful of a solution in the coming weeks,” he mentioned.
Mr Johnson mentioned the easing of the 2 sq. metre rule and getting staff again into the CBD was very important for struggling lodging inns.
“We also raised the need for accommodation vouchers to implemented as soon as possible as well as an additional Dine and Discover voucher to be used on Fridays in the 2000 CBD postcode,” he mentioned.