5.10 Special rule: employers using the record keeping exemption arrangements
You may have chosen to lodge FBT returns under the record keeping exemption arrangements (refer to section 4.7 of Fringe benefits tax record keeping). Under these arrangements, your aggregate fringe benefits amount in a base year may form the basis for calculating your FBT liability in a following year. If you use this method of calculation in a following year, you cannot exclude any benefits when allocating the value of benefits to individual employees. You have to allocate the entire aggregate fringe benefits amount from the base year among the employees to whom you provided benefits in that following year.
Your method of allocation must be reasonable, having regard to the fringe benefits provided in that year in respect of each employee's employment.