What is Fringe Benefits Tax?

This is a tax paid by the University on the fringe benefits provided to staff and is payable to the ATO. The University must keep records showing the fringe benefits paid to each staff.

What is a Fringe Benefit?

Basically it is a 'payment' to an employee or their associates (eg. spouse), but in a different form to salary or wages. It does not include salaries, superannuation or termination payments.

Types of Benefits?

There are five types of fringe benefits provided to University staff and their associates. These 'payments' include:
- Car fringe benefit;
- Expense payment fringe benefit;
- Living away from home allowance (LAFHA);
- Entertainment/meal fringe benefit; and
- Residual fringe benefits.

read more on the University Guide for FBT

Any inquiries regarding FBT can be directed to Sharon McCabe (ext.2898)

Detailed information on FBT can be viewed from the ATO website www.ato.gov.au