Have your say: mature age worker tax offset
Helen Hull | July 24, 2012
The Government announced in the 2012-13 Budget that it would phase out the mature age worker tax offset (MAWTO). You are invited to have your say on the reforms.
Closing date for submissions: Friday 17 August 2012.
The 2012-13 Budget measure will phase out the MAWTO from 1 July 2012 for taxpayers born on or after 1 July 1957.
Those currently eligible because they were aged 55 years or older on 30 June 2012 are unaffected by the changes and remain age eligible.
Exposure draft legislation and explanatory material which would implement the announced change has been released for public comment.
Helen Hull is the editor of First 5000, the leading network for mid-sized businesses in Australia.
