February 2017

Eligibility ‘ Public Benevolent Institutions ‘ the ACNC’s view

Eligibility, Public / By /

Public Benevolent Institutions (PBIs) are able to access significant Commonwealth tax concessions. One the requirements for access to the concessions is recognition that the entity is a PBI for purposes of the ACNC. This article outlines the ACNC’s view as set out in the Commissioner’s Interpretation Statement: Public Benevolent Institutions (CIS 2016/03 -approved 19 December […]

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FBT Q&A ‘ Property provided to retiring employee

FBT, Public / By /

Question: A long serving employee is retiring and upon his departure we decided to provide him with ownership of their employer provided car. The provision of the car was (previously part of a salary sacrifice arrangement with the employee. What are the FBT implications of this arrangement? Has a property fringe benefit arisen? If so,

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Payroll Q&A ‘ Where a Councillor requests that amounts be paid to their Superannuation Fund should the amounts be shown as Reportable Employer Superannuation Contributions?

Payroll, Public / By /

Normally, amounts paid by a local government council to councillors are assessable to the councillor when received (notwithstanding an absence of an employer/employee relationship). It may also be taken to have been received under ss. 6-5(4) ITAA 1997 where it is otherwise dealt with on behalf of the councillor, or alternatively s. 15-2 of the

Payroll Q&A ‘ Where a Councillor requests that amounts be paid to their Superannuation Fund should the amounts be shown as Reportable Employer Superannuation Contributions? Read More »