Non-profit companies and live-in residential carers
The following not-for-profit organisations that provide care for elderly or disadvantaged people can provide certain FBT exempt benefits to live-in carers:
- a company that is a charity registered with the ACNC but not a religious institution
- a non-profit company that is not a charity.
For an organisation to be a 'non-profit company', it must meet both of the following requirements:
- it must be a company that is not carried on for the purposes of profit or gain to its individual members
- its constituent documents must prohibit it from making any distribution, whether in money, property or otherwise, to its members.
The exemption is for live-in carers where the carer resides with the elderly or disadvantaged person in residential accommodation you provide. The benefits that may be exempt include the employees' live-in accommodation, residential fuel, meals or other food and drink.
Non-profit organisations and FBT
Work out if your not-for-profit organisation is entitled to FBT concessions for live-in residential carers.