Industry News

Changes afoot for rapid antigen test allocations in transport

The Victorian Department of Transport (DoT) is accepting and administering orders for self-administered rapid antigen test kits.

The news follows a Victorian Government announcement that it would make available to the “port sector and land freight operators who support ports” an allocation of 10,000 Rapid Antigen Test (RAT) kits on a cost-recovery basis of $6 (+GST) per kit.

These are being allocated on a weekly basis to conserve supply to what is needed by eligible companies for the following week and includes Victorian container transport logistics stakeholders.

Meanwhile, the Federal Government’s has confirmed it will make COVID-19 tests tax deductible for individuals and to exempt businesses from fringe benefit tax (FBT).

The changes are expected to take effect from the 2021-22 FBT and income years and will be backdated to July 1, 2021.

The amendments to tax law are expected to be put before the Parliament this week.

Australians earning an income taxed at 32.5 per cent will receive a tax refund of about $6.50 for every pack of two RATs purchased for $20.

Small businesses will reduce their FBT liability by $20 for every dual pack of RATs purchased for $20 and provided to employees.

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