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Financial and Business Services Division

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Fringe Benefits Tax

This Fringe Benefits Tax (FBT) site has been developed to provide Deakin University staff with information and assistance on general and Deakin specific FBT issues.

A fringe benefit is a 'benefit' provided to an employee or an associate (eg. partner) of an employee by an employer, an associate of the employer (eg. related entity), or by a third party under an arrangement with the employer (eg. research partner).

The University self-assesses its FBT liability for the year 1 April to 31 March which is generally paid by quarterly instalments. The University lodges its annual FBT return on or by 21 May. Effective 1 April 2006 the FBT rate is 46.5% and FBT is calculated on the 'grossed-up' taxable value of the fringe benefit.

The University policy and procedure together with the related guide sheets provide the basis for staff reference for FBT. They set out the accountabilities for compliance together with information on how FBT is administered by the University. Rules as to how FBT is applied to the University are explained as well as details about the benefits that are taxable and exempt for FBT purposes.

• FBT Operational Policy
  
• FBT Procedure
  
• FBT General Guide PDF File-(68kb)
  
• FBT Car Benefits Guide PDF File-(64kb)
  
• FBT Entertainment/Meals Benefits Guide PDF File-(53kb)
  
• FBT Expense Payment Benefits Guide PDF File-(49kb)
  
• FBT Housing Benefits Guide PDF File-(27kb)
  
• FBT Travel Benefits Guide PDF File-(66kb)
  
• FBT Definitions Guide PDF File-(33kb)
  

Specific areas of interest

• Responsibility of Compliance (See Paragraph 4 of FBT General Guide)
  
  
• Exempt Benefits (See Paragraph 13 of FBT General Guide)
  
  
• FBT Codes (See Paragraphs 14-15 of FBT General Guide)
  
  
• Record keeping requirements for assigned vehicles (See Paragraphs 18-34 of FBT Car Benefits Guide)
  
  
• Record keeping requirements for central pool and departmental vehicles (See Paragraphs 35-38 of FBT Car Benefits Guide)
  
  
• E-tags (See Paragraphs 39-44 of FBT Car Benefits Guide)
  
  
• Defining entertainment (See Paragraphs 5-7 of FBT Entertainment/Meals Benefits Guide) and exemptions (See Paragraphs 8-11)
  
  
• Travel and FBT defined (See Paragraphs 7-8 of FBT Travel Benefits Guide) and identifying when travel is subject to FBT (See Paragraphs 9-18), and travel diary requirements (See Paragraphs 25-33) and frequently asked questions (See Paragraph 35)
  
  
• Payments to staff giving rise to Expense Payment Fringe Benefits and the requirement for declarations (See FBT Expense Payment Benefits Guide)

Related documents

• Log Book Instructions : University Assigned Vehicles PDF File-(40kb)
  
• Entertainment at a Glance : Tax Exempt Bodies PDF File-(63kb)
  
• Travel Activities Diary PDF File-(77kb)
  
• Travel Activities Diary Information PDF File-(54kb)
  

Forms

• Catering Expense Reimbursement Voucher PDF File-(41kb)
  
• Entertainment Expense Reimbursement Voucher PDF File-(41kb)
  
• Expense Payment Benefit Declaration PDF File-(66kb)
  
• Petty Cash Voucher PDF File-(22kb)
  
• Recurring Expense Payment Declaration Form PDF File-(27kb)
  
• Staff Expense Reimbursement Voucher PDF File-(22kb)
  

Related links

• The Australian Tax Office has a webpage called Reportable fringe benefits - facts for employees that provides information on reportable fringe benefit amounts included on payment summaries.
  

For more information email: george.rizakis@deakin.edu.au