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Fringe Benefits Tax (FBT)

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FBT and travel diaries

 

FBT Training (PDF 229 -  Adobe Acrobat)

FBT - mixed private and business travel

 

Christmas Parties (PDF 193kb - Adobe Acrobat)

Meal & Entertainment Guidelines (Word 89kb)

   

Expense payment declaration (Word 51kb)

   

FS71 Entertainment Expenditure form (Word 89kb)

   

Recurring expense payment declaration (Word 52kb)

   
     

What is Fringe Benefits Tax?

Fringe Benefits Tax (FBT) is a Commonwealth tax levied on most non-salary type benefits provided by employers to employees. FBT is paid by UniSA not the employee.

What is a fringe benefit?

A fringe benefit is very broadly defined and includes almost all non-cash remuneration, provided to an employee or an associate of the employee (i.e. a family members).

Categories of FBT

There are a range of benefits that are provided by the University that may be subject to FBT, each with its own special rules and exemptions.  Please follow these links for details and/or guidelines on each category of benefit.  Where a link is not available, and/or you require more information, please call Kristian Thoroughgood the University of South Australia's Tax Accountant on x21922.

Who pays the FBT?

FBT is a tax paid by the employer (the University).  Within UniSA, this tax cost will normally be passed back to the cost centre incurring the expense or benefit. In some specific cases, the FBT cost is passed through to the employee receiving the benefit, (for example through a salary sacrifice arrangement).  In other cases, staff are required to reimburse the University some or all of an expense to ensure an FBT liability does not arise (for example where travel has a mixed business and private component). 

It is important to note that many types of fringe benefits must be reported on the receiving employee's payment summary.  Select this link to find out more about Reportable Fringe Benefits from the ATO website.

How can we reduce the FBT payable?

We can reduce the amount of FBT payable by:

What are exempt benefits?

A narrow range of benefits are considered 'exempt' from FBT under the legislation, and will not incur additional tax costs if provided to staff.  Access to many of these benefits is subject to particular conditions being satisfied.  You should seek advice before providing benefits to staff members to confirm their FBT exempt status.  Examples of exempt benefits:

External information

The ATO is an excellent source of additional information if you would like consider these issues further.

Contact

Kristian Thoroughgood: Taxation Accountant, ext 21922

 

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