What are exempt fringe benefits?An exempt benefit, often referred to as an "exempt fringe benefit," is a type of benefit that is not subject to Fringe Benefits Tax (FBT). While they are commonly...
Exempt Fringe Benefits
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FBT Articles
Living Away From Home Allowance (LAFHA)
What is a living away from home allowance?A Living Away From Home Allowance (LAFHA) is a type of allowance given to an employee, and it qualifies as a LAFHA fringe benefit when two specific...
Housing Fringe Benefit
A housing fringe benefit occurs when an employee is offered a place to live without charging them rent or at a lower cost than usual. This applies when the provided accommodation is where the...
Car FBT
A car fringe benefit occurs when an employer offers an employee the opportunity to use a vehicle for personal reasons, resulting in a taxable benefit for the employee. This applies particularly...
Salary Packaging – Salary Sacrifice
What is salary packaging? Salary packaging (aka salary sacrifice), is when an employee sacrifices salary for non cash benefits. For example, taking a salary of $120,000 plus a motor vehicle and...
Fringe Benefits Tax (FBT)
The Fringe Benefits Tax Assessment Act 1986 (“FBT Act”) provides that where a benefit is provided by an employer to an employee (or associate) in respect of his or her employment, the employer (not...