McMillan Shakespeare Limited

While most of us might merely hope they don’t do anything else dumb in Canberra, shareholders of McMillan Shakespeare rather hope the Federal Government doesn’t do something intelligent. There’s a loophole that allows public health sector employees to salary package items as diverse as dining-out expenses, school tuition, private health insurance, mortgage or rent payments, personal loan repayments, grocery bills, telephony, venue hire, flat screen televisions, fridges and holidays—allowing employees to use pre-tax dollars for such expenses while those working outside the health system must use post-tax dollars for the privilege. The policy is clearly discriminatory and more than...

While most of us might merely hope they don’t do anything else dumb in Canberra, shareholders of McMillan Shakespeare rather hope the Federal Government doesn’t do something intelligent. There’s a loophole that allows public health sector employees to salary package items as diverse as dining-out expenses, school tuition, private health insurance, mortgage or rent payments, personal loan repayments, grocery bills, telephony, venue hire, flat screen televisions, fridges and holidays—allowing employees to use pre-tax dollars for such expenses while those working outside the health system must use post-tax dollars for the privilege.

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