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  • Proposed fringe benefits tax exemption – retraining and reskilling

    The government has announced its intention to introduce an exemption from fringe benefits tax (FBT) for retraining and reskilling benefits provided by employers to redundant, or soon to be redundant employees where the benefits may not be related to their current employment.

    It is proposed that this exemption will not apply to:

    • retraining provided under a salary packaging arrangement
    • training provided through Commonwealth supported places at universities
    • repayments towards Commonwealth student loans.

    If enacted, this proposed measure is intended to apply from the day it was announced - Friday, 2 October 2020.

    See also:

    Last modified: 28 Oct 2020QC 64093