Govt to review working holiday visa maker 417 & 462

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The Turnbull Government on May 17 announced it will undertake a review of the broad range of issues affecting the supply and taxation of working holiday maker 417 and 462 visas, the Minister for Small Business and Assistant Treasurer, Kelly O’Dwyer MP said.

To provide for further consideration of these issues, the Commonwealth will defer the commencement of the previously announced changes to treat all working holiday makers as non-residents for tax purposes from July 1 for six months, pending the outcome of the review process,” Minister O’Dwyer said.

“The Government has listened to issues raised by stakeholders about workforce challenges faced by industries in regional and rural areas and how the taxation arrangements for Working Holiday Maker visa holders potentially affect industries such as agriculture and tourism.

“The Government recognises that working holiday makers are an important source of labour in Australia and the ‘Review of 417 and 462 Visa Labour’ will ensure our labour supply is adequate and Australia remains competitive globally.

“As a result, a re-elected Turnbull Government will undertake a comprehensive review of the broad range of issues affecting the supply of working holiday makers. The review will also address issues of labour supply more broadly for the agriculture and tourism sectors.

“The review will include consultation with stakeholders.

“The review will consider a range of issues such as short and long term agricultural and tourism seasonal labour needs, regulatory imposts on employers, and opportunities to expand the supply of seasonal workers while ensuring that Australians continue to have priority for available work

“The review will also assess Australia’s competitive position in attracting seasonal and temporary labour, including comparative wages and taxation.

“The Minister for Agriculture and Water Resources will lead the review process through his portfolio agency in consultation with Employment, Immigration, Regional Development, Tourism, Treasury, and Prime Minister and Cabinet (PM&C).

“The ‘Review of 417 and 462 Visa Labour’ will report by mid-October, with agreed changes to take effect from 1 January 2017.” (TIW)