Financial Services

Introduction to Fringe Benefits Tax (FBT)

Further information

Course materials


Duration

2 hours


Facilitator


Number of places

30


Venue

This course provides an overview of how to identify, document and report fringe benefits.

Workshop purpose and scope

Intended audience
New and existing University staff who require a basic understanding of Fringe Benefits Tax.
Workshop description
To ensure compliance with the Fringe Benefits Tax legislation, it is important that staff at the University understand how to identify, document and report fringe benefits. This workshop is designed to assist staff to understand what a fringe benefit is, how and when they are provided to staff, and what information Financial Services (Tax Development) need to ensure accurate reporting to the Australian Taxation Office.
Intended outcomes
After completing this workshop, you should be able to:
  • identify a variety of fringe benefits
  • self-assess FBT liability for a range of benefits
  • understand and complete declarations and other required documentation
  • communicate more effectively with staff surrounding FBT issues
  • understand the quarterly and annual reporting obligations of business units
Key Activities
During this session you will:
  • meet the members of the Financial Services - Tax Team
  • receive a copy of the new FBT Handbook
  • learn about Fringe Benefits Tax and how it affects your business area
  • receive guidance as to the quarterly and annual reporting obligations of your business unit
  • have an opportunity to ask questions regarding specific FBT issues

For general information about professional development courses email us or telephone (+61 8) 6488 1504.

 

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