Better practice 2: documentation checklist

Maintaining records that include the following documentation will help ensure that an entity has an adequate internal control environment in relation to FBT administration.



Allocation of FBT responsibilities


Records of all FBT transactions


FBT procedures specific to the needs of particular work groups in the entity


Internally prepared tax position papers


Records of advice and discussions with the ATO and tax advisors


Training needs analysis


    Last modified: 23 Jul 2015QC 18627