Question We have inadvertently overpaid a staff member a significant amount of wages. At the moment, we are looking to setup a repayment plan, where the employee would pay back, on an interest-free basis, the amount over 3-5 years. Can you please confirm that each new FBT year, to calculate the fringe benefit, we use […]
Member Q&A: Interest-free arrangements to repay overpaid salary Read More »
Question We have a staff member that has been appointed to a new role. The staff member currently works in our Melbourne office but the new role is located on the Victorian-NSW border and so it would be impractical for the staff member to commute to work on an ongoing basis. As a result, the
Member Q&A – Providing temporary accommodation due to an employee’s relocation Read More »
Determining the load carrying capacity of a motor vehicle is an important step for FBT purposes. For example, the method used to determine the taxable value of a fringe benefit that arises from private use of a vehicle held by the employer will depend upon whether the fringe benefit is a ‘car’ fringe benefit, or
Question Can you please advise the FBT implications on meals provided for staff at a Christmas party hosted in-house or offsite? One business unit organised takeaway food and this was consumed by staff at a local park as a Christmas celebration. Another business unit arranged Christmas lunch at a nearby restaurant, while the third business
Member Q&A – Christmas functions and meal entertainment Read More »
Question If a staff member attends a third party conference and wins a lucky door prize to the value of $1,000 (entry was based on providing a feedback form for the conference), would this need to be declared as a gift and subject to FBT as being over the $300 minor benefit threshold? Answer It
Member Q&A – Lucky door prize won by an employee! Read More »
Where an employer pays/reimburses an employee’s road toll expenditure or allows the employee to use the employer’s electronic road toll tag, a fringe benefit may arise, depending on the particular usage of the vehicle. Payment/reimbursement of an employee’s road toll expenses is prima facie an expense payment fringe benefit. Use by an employee of an
Employer paid or reimbursed road and bridge tolls – a bridge too far? Read More »
Question We are considering providing in-house therapeutic massage for all employees. Is this an exempt fringe benefit pursuant to the ‘work related preventative health care’ exemption? The preventative health care component will consist of: massage to reduce tightness in muscles and any incidence of sprain or strain and to educate individuals on how to avoid
Member Q&A – In-house therapeutic massage, is FBT relief available? Read More »
Question If an employee, who has full private use of a one tonne vehicle and who is required to carry bulky items (e.g. ladder, tools etc,) travels to various sites directly from his home, including during out of hours and on weekends, would those trips be eligible for home to work business travel? The various
Every year we are asked some tricky questions during the FBT Roadshow series that require one to take a deep breath and think……’why didn’t I become a carpenter like I wanted to when I was a kid rather than an FBT specialist!’. One such question was the operation of the car/motor vehicle ‘workhorse’ exemption where
FBT ‘workhorse’ exemption – can it apply on a part-year basis? Read More »
Question An employee mistakenly used our corporate credit card to pay for private holiday accommodation instead of using his own personal credit card. It was agreed for the employee to repay the amount on an interest-free basis. The employee requested if repayments could be made by way of monthly instalments over the next 11 months.
