• Statutory food amount

    The weekly statutory food amount for each family member is set out below.

    Table 4: Weekly statutory food amount per family member

    Family member

    Weekly statutory food amount

    Employee

    $42

    Employee's partner

    $42

    Child 12 years old or older (as at the beginning of the FBT year)

    $42

    Child under 12 year old (as at the beginning of the FBT year)

    $21

    Example

    Anne is living away from her normal residence and is paid a living-away-from-home allowance of $398 per week. Of that allowance:

    • $200 is compensation for the cost of accommodation - this amount is fully spent and substantiated by Anne
    • $118 is compensation for the additional food costs only while living away from home - this amount does not exceed the reasonable amount set by the Commissioner
    • $80 is compensation for disadvantages associated with having to live apart from family and in a town without facilities that would normally be enjoyed at home.
     

    Anne's employer only pays the food component for additional food costs. They calculated the $118 food component by deducting $42 (estimated normal home food consumption costs) from Anne's estimated food costs of $160.

    The taxable value is calculated as follows:

    Total allowance

    less exempt accommodation component

    $398 

    - $200 

    less exempt food component

    - $118*

    Taxable value

    = $80 

    * In this case the food component is equal to the exempt food component.

      Last modified: 15 Feb 2013QC 26545