Reference no: EM133175871
Question - You are the payroll officer for Little Pear Administration Pty Ltd (LPA). Debra Foy is a company employee and has approached you with some questions about her salary packaging arrangement, and the possible impacts of a change in the legislation.
Debra has emailed you the following link: Treasury Laws Amendment (2019 Tax Integrity and Other Measures No. 1) Bill 2019, Explanatory Memorandum.
Debra has directed your attention in the link to Chapter 7 Salary sacrifice integrity, on pages 71-74 of the textbook.
In order to provide answers to Debra's questions, you're required to research the proposed changes, examine Debra's current employment arrangements and determine the impact of the proposed changes on her specific circumstances.
Debra's pay rate is as follows $ 81,000, (after allowing $15,000 salary sacrifice)
Explain to Debra the two key changes if this bill becomes law.
Explain to Debra her current employment arrangement.
Assess the possible impacts of the new bill to Debra's current employment arrangements and explain the impacts to her.
Explain your workings to Debra and any calculations you have made.