Summary
Introduced with the Treasury Laws Amendment (2022 Measures No. 3) Bill 2022 and Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2022, the bill amends the
Income Tax (Seasonal Labour Mobility Program Withholding Tax) Act 2012
to change the title of the Act to the
Income Tax (Labour Mobility Program Withholding Tax) Act 2012
to reflect the reduction in the tax on certain income earned by foreign resident workers participating in the Pacific Australia Labour Mobility scheme from 32.5 per cent to 15 per cent.