Class Ruling
CR 2016/43A1 - Addendum
Fringe benefits tax: employer clients of PBI Benefit Solutions Pty Ltd who are subject to the provisions of section 57A of the Fringe Benefits Tax Assessment Act 1986 that make use of the Westpac Entertainment Benefits Card facility
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Addendum
This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Class Ruling CR 2016/43 to correct minor factual errors. Transactions are managed between the employer and Westpac without a promoter intermediary.
CR 2016/43 is amended as follows:
Omit the paragraph.
Omit from the first sentence 'The promoter transfers funds from this account'; substitute 'The employer transfers funds'.
Omit the paragraph; substitute:
13. Payments up to an employee's agreed salary sacrifice value can only be made to the card account by the employer.
Omit from the last sentence 'promoter'; substitute 'employer'.
Omit from the first sentence 'promoter'; substitute 'employer'.
Omit the paragraph.
Omit the first sentence; substitute 'When the card is used, the amounts owed to the merchants are met from the funds held in a participating employer's disbursement account and the amount is debited to the card balance.'.
This Addendum applies on and from 22 June 2016.
Commissioner of Taxation
21 September 2016
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References
ATO references:
NO 1-99DYG4C