Summary
Part of a package of four bills in relation to tax arrangements for working holiday makers, the bill amends the: Migration Regulations 1994 to reduce the working holiday maker visa application charge from $440 to $390;
A New Tax System (Australian Business Number) Act 1999
,
Income Tax Assessment Act 1997
and
Taxation Administration Act 1953
to require employers of working holiday makers to register with the Commissioner of Taxation, enabling them to withhold tax at applicable income tax rates; and
Taxation Administration Act 1953
to enable the Commissioner to disclose certain information to the Fair Work Ombudsman; and require the Commissioner to provide the Treasurer, for presentation to the Parliament, an annual report on working holiday makers which includes statistics and information derived from the working holiday maker employer register.