• Changes and updates

    The electronic version of the guide is reviewed on a quarterly basis. The following tables detail any major changes and updates made to this chapter at each review.

    2010 calendar year

    Quarter 1

    Section

    Changes and updates

    1.3 Are you providing fringe benefits?

    Expanded first item in checklist for clarity.

    1.4 Types of fringe benefits

    Under 'Car fringe benefit', amended last dot point for clarity.

    1.7 What is not subject to FBT?

    Updated the first paragraph to clarify that the most common exclusions are outlined.

    Changed terminology from 'Eligible termination payment' to 'Employment termination payment'.

    Included addition of information about 'First home saver account' payments.

    1.8 Reportable fringe benefits

    Updated to reflect a change in the reporting exclusion threshold.

    1.11 Salary sacrifice

    Under 'What type of benefits' can be included in a salary sacrifice arrangement, updated 'Exempt benefits' information regarding provision of certain work-related items.

    Included information about announced exemption for donations made under a salary sacrifice arrangement.

    Under 'What are the implications of an effective salary sacrifice arrangement for employers?', updated information in attention box to reflect change to reportable fringe benefits threshold.

    Under 'What are the implications of an effective salary sacrifice arrangement for employees?', updated reportable fringe benefits information to reflect change to reportable fringe benefits threshold.

    Example updated for the 2008-09 year.

    More information

    Removed reference to Salary sacrifice arrangements for employees and included reference to Taxation Ruling TR 2007/12.

    Removal of reference to the addendum for TR 2001/10 as the hyperlink is to the consolidated version of the ruling.

    Quarter 2

    Section

    Changes and updates

    1.2 Who pays the tax?

    Updated to take into account changes to section 23AG of the Income Tax Assessment Act 1936.

    Quarter 3

    Section

    Changes and updates

     

    Nil.

      Last modified: 18 Jan 2012QC 17808