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  • Consequences of having fringe benefits reported on your payment summary or income statement

    Your total reportable fringe benefits amount (RFBA) for all employment is used for:

    • calculating your liability for the Medicare levy surcharge
    • calculating your child's adjusted taxable income to determine whether they are considered a dependant for Medicare levy purposes
    • determining your entitlement to the private health insurance rebate
    • determining whether you are liable for Division 293 tax for superannuation contributions
    • determining your eligibility for the government co-contribution for personal superannuation co-contributions you made
    • determining your eligibility for the low-income super tax offset for concessional (before tax) super contributions that you or your employer pay into your super fund
    • determining whether you can offset your business loss against other income (non-commercial losses)
    • working out if you are entitled to reduce your employee share scheme discount
    • working out the amount you must repay against your Higher Education Loan Program (HELP),Student Financial Supplement Scheme (SFSS), Student Start-up Loan (SSL), ABSTUDY Student Start-up Loan (ABSTUDY SSL) or Trade Support Loan (TSL) debt
    • determining your entitlement to a tax offset for
      • contributions you made to your spouse's super
      • invalid and invalid carer
      • zone or overseas forces
      • net medical expenses for disability aids, attendant care or aged care
      • Medicare levy surcharge (lump sum payment in arrears)
      • seniors and pensioners
    • determining your eligibility for family assistance payments (Family Tax Benefit Part A and Part B, Child Care Benefit for approved care (prior to 2 July 2018), Child Care Subsidy (from 2 July 2018), Parental Leave Pay, and Dad and Partner Pay)
    • working out your child support obligations.

    Employees of non-profit organisations

    For employees of the following non-profit organisations (described under section 57A of the Fringe Benefits Tax Assessment Act 1986), 51% of their total RFBA is taken into account for the purposes of determining their eligibility for family assistance and youth income support payments:

    • a registered public benevolent institution that is endorsed by the Commissioner of Taxation as eligible for exemption from fringe benefits tax
    • a public hospital
    • a hospital carried on by a society or association that is a rebatable employer
    • a health promotion charity that is endorsed by the Commissioner of Taxation as eligible for exemption from fringe benefits tax
    • a public ambulance service provider.

    See also:

    Last modified: 29 Mar 2019QC 58436