OFFICIAL Jarome Luai - #295

[Mystery]

I just watched Kenty on Instagram who said Chammas explained that salary and TPD are both tax free IN PNG, but if money transferred back to Australia, becomes taxable.
I’m wondering how much better off Luai will be for all this kerfuffle.

I saw this, it’s wrong. Don’t take tax advice from rugby league journos. I thought Kenty would be better than this.

 

[EllisFan]

There’s BS coming from someone in all this.

Half a million to Parra because we didn’t want our star five eighth to fly to Port Moresby a few times next year.

Doesn’t pass the pub test.

And those halves we love so much, not good enough for FG yet.

 

[Halbrowne61]

I saw this, it’s wrong. Don’t take tax advice from rugby league journos. I thought Kenty would be better than this.

I’m not sure, how can Albo arrange tax free status for a small group of footballers? That would surely open up à can of worms with the ATO ?

 

[Mystery]

I’m not sure, how can Albo arrange tax free status for a small group of footballers? That would surely open up à can of worms with the ATO ?

The exemption was announced as part of the budget. Kenty was probably told that if the players receive income from investments in Australia then they would still be taxed which is true. I could be wrong but I believe the only exemption will be the salary paid by the Chiefs.

 

[EllisFan]

Glad the club had the balls to make the call. We’ve been played for fools in the past. Not this time.

See how everyone feels when Luai & Moses tear us a new one on Easter Monday next year and we’re running with halves who can’t crack FG at the moment.

Personally think Benji would be seriously wondering if this job is just a bridge too far.

 

[bigsiro]

Just saw the Luai interview.
Whether or not he saw his release as a possibility, it happened. As a star player, he would have been reeling.
But in that presser he could not have handled himself and the situation any better, with any more candour or class. Pro.

 

[EllisFan]

Just saw the Luai interview.
Whether or not he saw his release as a possibility, it happened. As a star player, he would have been reeling.
But in that presser he could not have handled himself and the situation any better, with any more candour or class. Pro.

Luai’s message to the fans was telling, it’s just business.

😕

 

[tig_prmz]

I just watched Kenty on Instagram who said Chammas explained that salary and TPD are both tax free IN PNG, but if money transferred back to Australia, becomes taxable.
I’m wondering how much better off Luai will be for all this kerfuffle.

Luai wouldn't be considered an Australian resident for those 3 years so I didn't think he would pay tax.

Maybe the last year if he comes back to Australia and lives here for 6 months before EOFY then maybe

 

[Merlot]

I saw this, it’s wrong. Don’t take tax advice from rugby league journos. I thought Kenty would be better than this.

Also had me wondering - so their money tax free statis is land locked unless they clean it , shuffle it out of PNG.
When Sterlo and that era of player went to mother England for a top up,they used to pay them in flight coming back to Australia in international air space to avoid tax laws /or so the story went

 

[Merlot]

Also had me wondering - so their money tax free statis is land locked unless they clean it , shuffle it out of PNG.
When Sterlo and that era of player went to mother England for a top up,they used to pay them in flight coming back to Australia in international air space to avoid tax laws /or so the story went

ps .The whole PNG experiment is bank rolled be us tax payers via the OZ government , there will be loophole big enough to drive a truck thru , when the boys come home

 

[Halbrowne61]

If you want to see a more detailed outline, type in to Google “Australian government tax rules relating to Australian players for the new PNG Rugby League franchise”.
It goes into some detail but the whole thing is being deemed somewhat questionable by tax experts.
An interesting fact is that it’s initially set up for 10 years but with withdrawal clauses for Aus, if PNG government deals with foreign countries. ( ie China).

 

[Tiger-ferret]

If you want to see a more detailed outline, type in to Google “Australian government tax rules relating to Australian players for the new PNG Rugby League franchise”.
It goes into some detail but the whole thing is being deemed somewhat questionable by tax experts.
An interesting fact is that it’s initially set up for 10 years but with withdrawal clauses for Aus, if PNG government deals with foreign countries. ( ie China).

That is interesting. The goal posts could shift real quick on the players!

 

[Tom Shines]

There’s BS coming from someone in all this.

Half a million to Parra because we didn’t want our star five eighth to fly to Port Moresby a few times next year.

Doesn’t pass the pub test.

And those halves we love so much, not good enough for FG yet.

Decisions been made … may as well hope for the best that everyone just moves on .,, I don’t know about you, but I don’t think Wally Lewis or Nathan Cleary is walking out the door early…

 

[liltiger]

I don't think we or any other club would have any issue with Luai earning TPAs outside the cap.

As long as he isn't doing it in PNG colours

Other thing is were trying to build and move up the ladder, couldnt help if Luai is on a plane a few times a month heading to and from PNG, missing large chunks of training.

 

[liltiger]

There’s BS coming from someone in all this.

Half a million to Parra because we didn’t want our star five eighth to fly to Port Moresby a few times next year.

Doesn’t pass the pub test.

And those halves we love so much, not good enough for FG yet.

100%. Something is different from when Luai originally signed. Players might be off him. Maybe theres a split in the sheds. Yesterday Luai said in his presser a shout out to the guys who are with him through everything on his side, they know who they are called them his team. Wasnt sure if it was family related or teammate. If it was teammate sounded like others were off him.

 

[liltiger]

If you want to see a more detailed outline, type in to Google “Australian government tax rules relating to Australian players for the new PNG Rugby League franchise”.
It goes into some detail but the whole thing is being deemed somewhat questionable by tax experts.
An interesting fact is that it’s initially set up for 10 years but with withdrawal clauses for Aus, if PNG government deals with foreign countries. ( ie China).

I was under the assumption the money was only tax exempt as long as it remains in PNG. As soon as its brought back here to Australia then theyre taxed on it.

 

[liltiger]

Also had me wondering - so their money tax free statis is land locked unless they clean it , shuffle it out of PNG.
When Sterlo and that era of player went to mother England for a top up,they used to pay them in flight coming back to Australia in international air space to avoid tax laws /or so the story went

Could send them on a cruise and transfer it in international waters.

 

[tig_prmz]

Other thing is were trying to build and move up the ladder, couldnt help if Luai is on a plane a few times a month heading to and from PNG, missing large chunks of training.

Then he would be in breach of his contract and we can fire him if he's missing training for other personal commitments.

I think all this flying to PNG stuff is quite exaggerated.

Everything happens in public here and I doubt Jarome would do more than a couple of visits during bye rounds to PNG.

Even the whole signing for PNG, he got it done within a week, no drama around it, didn't drag it on. He is professional enough to not let it affect his performance IMO.

 

[full80]

The exemption was announced as part of the budget. Kenty was probably told that if the players receive income from investments in Australia then they would still be taxed which is true. I could be wrong but I believe the only exemption will be the salary paid by the Chiefs.

I don't claim to be an expert ( as I start commenting like I am one, lol) but I think a lot of this was in a whole package of investment into PNG as part of a defence strategy to curtail China. Wasn't that long ago that Cook Islands did a deal to allow Chinese military to have a base there, and it explains government's recent trips to Pacific nations. I suspect altering tax laws for a relatively few Australian football players is small stuff in the scheme of things for them. (and all governments do offer 'tax incentives' for other reasons. In my industries lots of US companies are offered 'unfair' tax treatment to entice them here to spend money. Whether or not it is benefit to my industry is another matter).

 

[liltiger]

Then he would be in breach of his contract and we can fire him if he's missing training for other personal commitments.

I think all this flying to PNG stuff is quite exaggerated.

Everything happens in public here and I doubt Jarome would do more than a couple of visits during bye rounds to PNG.

Even the whole signing for PNG, he got it done within a week, no drama around it, didn't drag it on. He is professional enough to not let it affect his performance IMO.

No doubt Luai would put in, imagine the media having a field day with the Tigers though. We lose a few are in a bye round and Luai is in PNG on a promotional gig for one of his deals. The media would be on a feeding frenzy.