FBT – Fringe Benefits Tax Compliance Cost Review

The Taxation Board of Review is conducting a review of costs of complying with FBT. As part of the review, the Board is seeking to estimate compliance costs and identify reasons for these costs. The review may affect our readers in several ways: you may want to consider registering to participate in focus groups (currently … Read more

Payroll – Definition of ‘ordinary time earnings’

‘Ordinary time earnings’ (OTE) is defined under s. 6(1) of the Superannuation Guarantee (Administration) Act 1992 (SGAA). OTE includes amounts paid in relation to ordinary hours of work including over-award payments, shift-loading and commission. The definition under the subsection specifically excludes lump sum payments in lieu of unused sick leave, annual leave and long service … Read more