Better practices for managing specific fringe benefit types

FBT impacts Australian Government entities in two ways:

  1. Entities are required to administer their FBT liabilities in a manner that enables full compliance with Australian tax laws.
  2. Entities are required to determine and accurately report reportable fringe benefit amounts (RFBAs) for individual employees.

FBT impacts many work areas within entities and requires a broad organisational approach to adequately manage it. FBT also has direct implications for many employees, as RFBAs need to be disclosed on individual payment summaries. Therefore, it is particularly important that entities keep employees fully informed of the possible RFBA implications of receiving fringe benefits.

Further Information

This information should be read in conjunction with Fringe benefits tax - a guide for employers and the relevant legislation.

For a general overview of FBT, refer to the How fringe benefits tax works section of Fringe benefits tax (FBT) and entertainment for government.

End of further information
    Last modified: 17 Jul 2012QC 21998