Salary Packaging Guide

Table of Contents

Executive Summary

Glossary

2.0 Taxation Issues

2.1 Australian Tax Office Criteria

2.2 Fringe Benefits Tax (FBT)

2.3 Reportable Fringe Benefits (RFB)

2.4 Goods and Services Tax (GST)

3.0 Salary Packaging

3.1 Introduction

3.2 Employee Obligations

4.0 Salary Packaging Agreement

4.1 Introduction

4.2 Offer to Salary Package

4.3 Term of Agreement

4.4 Effect of Termination of an Agreement

5.0 Package Alterations

6.0 Substantiation

6.1 Tax Invoices

6.2 Reimbursements

7.0 Effect of Packaging on Employee Entitlements

7.1 Leave with Pay

7.2 Leave Without Pay

8.0 Salary Packaging Process Overview for New Staff

8.1 Obligations

9.0 Benefits that may be packaged

9.1 Salary Packaging Fees

9.2 Superannuation

10.0 Motor Vehicle Plan

10.1 Introduction

10.2 Eligible Motor Vehicles

10.3 Motor Vehicle Agreement

10.4 Benefits included in the Motor Vehicle Plan

11.0 Fringe Benefits Tax (FBT)

11.1 Recipient Contributions

11.2 Motor Vehicle Case Study

12.0 Leasing Arrangements

12.1 Operating Lease

12.2 Associate Lease

12.3 Novated Lease

13.0 Fuel Card

14.0 Confidentiality