What is a fringe benefit?
A fringe benefit is a 'payment' to an employee, but in a different form to salary or wages.
According to the fringe benefits tax (FBT) legislation, a fringe benefit is a benefit provided in respect of employment. This effectively means a benefit provided to somebody because they are an employee. The 'employee' may even be a former or future employee.
The most common fringe benefits provided at QUT are:
- Reimbursement of HECS/Tuition fees
- Hospitality/Entertainment
- In limited circumstance - expense reimbursements for broadband, home phone line rental and individual membership fees
- Living Away from Home Allowances
The FBT and GST treatment for each of these items will vary according to individual circumstances.
Procedures to Claim Reimbursement for Expenses Attracting FBT
To claim reimbursement for items that attract FBT, you will need to follow these procedures.
Further Information
If you have any questions regarding FBT, please contact QUT's Senior Taxation Officer.