Class Ruling CR 2007/15
Date of effect: 1 April 2006

What this ruling is about: 1. This Ruling sets out the Commissioner's opinion on the way in which the relevant provision(s) identified below apply to the defined class of entities, who take part in the scheme to which this Ruling relates. Relevant provision(s) 2. The relevant provisions dealt with in this Ruling are: All references in this Ruling are to the FBTAA unless otherwise stated. Class of entities 3. The class of entities to which this Ruling applies are employers subject to the provisions of section 57A who enter into an agreement with Bendigo and Adelaide Bank Limited (BEN) to make use of a B-Packaged Mastercard debit card account facility. Qualifications 4. The Commissioner makes this Ruling based on the precise scheme identified in this Ruling. 5. The class of entities defined in this Ruling may rely on its contents provided the scheme actually carried out is carried out in accordance with the scheme described in paragraphs 12 to 19 of this Ruling. 6. If the scheme actually carried out is materially different from the scheme that is described in this Ruling, then: 7. This work is copyright. Apart from any use as permitted under the Copyright Act 1968 , no part may be reproduced by any process without prior written permission from the Commonwealth. Requests and inquiries concerning reproduction and rights should be addressed to:

Class of entities or scheme: 3. The class of entities to which this Ruling applies are employers subject to the provisions of section 57A who enter into an agreement with Bendigo and Adelaide Bank Limited (BEN) to make use of a B-Packaged Mastercard debit card account facility. | Qualifications: 4. The Commissioner makes this Ruling based on the precise scheme identified in this Ruling. 5. The class of entities defined in this Ruling may rely on its contents provided the scheme actually carried out is carried out in accordance with the scheme described in paragraphs 12 to 19 of this Ruling. 6. If the scheme actually carried out is materially different from the scheme that is described in this Ruling, then: 7. This work is copyright. Apart from any use as permitted under the Copyright Act 1968 , no part may be reproduced by any process without prior written permission from the Commonwealth. Requests and inquiries concerning reproduction and rights should be addressed to: 8. This Ruling applies from 1 April 2006. The Ruling does not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of issue of the Ruling. Furthermore, the Ruling only applies to the extent that: 9. If this Class Ruling is inconsistent with a later public or private ruling, the relevant class of entities may rely on either ruling which applies to them (item 1 of subsection 357-75(1) of Schedule 1 to the Taxation Administration Act 1953 (TAA)). 10. If this Class Ruling is inconsistent with an earlier private ruling, the private ruling is taken not to have been made if, when the Class Ruling is made, the following two conditions are met: 11. If the above two conditions do not apply, the relevant class of entities may rely on either ruling which applies to them (item 3 of subsection 357-75(1) of Schedule 1 to the TAA). | Community Sector Banking Pty Ltd: 11A. Community Sector Banking Pty Ltd ABN 88 098 858 765 (AFSL authorised representative No. 265317 and Australian Credit authorised representative No. 379667) (CSB) is a franchisee of BEN and is a wholly-owned subsidiary of Community Sector Enterprises Pty Ltd ABN 95 098 858 354 (CSE). CSE is a 50/50 joint venture between BEN and Community 21 Limited ABN 79 097 612 416 (C21). 11B. The banking product that forms the basis for the scheme that is the subject of this Class Ruling is and always has been a banking product of BEN. 11C. CSB distributed a suite of BEN banking products to customers in the not-for-profit sector under the terms of a franchise agreement. In early 2020, BEN acquired all of the shares held by C21 in CSE via a share sale and purchase agreement. Despite the change in form and structure of the arrangement, the substance of the product suite remains unchanged. | Information provided: 12. The scheme that is the subject of this Ruling is described below and is based on the documents listed below. These documents, or relevant parts of them, as the case may be, form part of and are to be read with this description. The relevant documents or parts of documents incorporated into this description of the scheme are: Note: Any materials previously branded Community Sector Banking Pty Ltd were rebranded to Bendigo and Adelaide Bank Limited in 2020. Note: Certain information received from the applicant has been provided on a commercial-in-confidence basis and will not be disclosed or released by the Tax Office under the freedom of information legislation. 13. An employer applies to BEN for a B-Packaged Mastercard debit card account (the account). The account will be opened under the employer's customer record. 14. Employees of the employer may apply to BEN for a B-Packaged Mastercard debit card (the card). Each employee will be an additional cardholder to the account. Spouse and partner cards can be issued where required. 15. An employer enters into an effective salary sacrifice arrangement with each participating employee and sets aside a salary sacrificed amount for each employee. Employees use the card to draw down on funds to pay for goods or services. These products and services are settled from the account. 16. The card is based on a Mastercard Debit Card and has a zero credit limit. 17. The following will not be permitted under the card: 18. An employer is liable for any obligation incurred by its employee's use of the card. Ultimate ownership of the card remains with the employer at all times and it is their responsibility. 19. If there is any remaining credit in the account on termination of employment, it is the employer's decision to pay the remainder out to the employee either as salary subject to tax withholding rules or other form of benefit. | Salary packaged benefits provided on or before 31 March 2016: 19A. Paragraphs 20 to 24A of this Ruling (and paragraphs 25 to 43A of the Explanation section) apply to benefits provided on or before 31 March 2016 and refer to provisions in the FBTAA before the application of the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015. [1] 20. A payment by the employer into the account in respect of an employee does not constitute an expense payment benefit for the purposes of section 20. 21. The use of the card by an employee or associate of the employee to purchase goods or services gives rise to benefits including tax-exempt body entertainment benefits under section 38, property benefits under section 40 or residual benefits under section 45. 22. Where the value of the benefits provided to an employee during the fringe benefits tax year does not exceed the relevant threshold specified in subsection 5B(1E) they will constitute exempt benefits under section 57A. 23. The employer is liable for fringe benefits tax on the value of benefits provided in excess of the relevant threshold specified in subsection 5B(1E). 24. A benefit will be a GST-creditable benefit if the requirements of subsection 149A(2) are satisfied. Such a benefit will be a type 1 benefit for the purposes of section 5C. Where the requirements of this subsection are not satisfied, the benefit will not be a GST-creditable benefit and thus a type 2 benefit. 24A. The provision of meal entertainment is an excluded fringe benefit for the purposes of paragraph 5E(3)(a). The value of such benefits are excluded from the reportable fringe benefits provisions in Part XIB. | Salary packaged benefits provided from 1 April 2016: 24B. Paragraphs 24C to 24K of this Ruling (and paragraphs 25 to 38 and 43B to 43E of the Explanation section) apply to benefits provided from 1 April 2016 and refer to provisions in the FBTAA following the application of the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015. 24C. The use of the card for the acquisition of entertainment by way of food or drink constitutes the 'provision of meal entertainment' as defined in section 37AD. 24D. The provision of meal entertainment by way of the card gives rise to an exempt benefit under section 57A. 24E. The benefit is a 'tax-exempt body entertainment benefit' under section 38 and the taxable value of the fringe benefit is determined under section 39. 24F. The meal entertainment is provided under a salary packaging arrangement [2] as described in paragraph 37AC(b). As a result Division 9A of Part III (election for meal entertainment expenses) cannot apply. 24G. Paragraph 5B(1M)(a) applies as the benefit is provided under a salary packaging arrangement and is constituted by the provision of meal entertainment as defined in section 37AD. 24H. The grossed-up taxable value of the salary packaged meal entertainment benefits (as well as the grossed up-taxable value of any other fringe benefits provided to the employee in that year) are included in the 'individual grossed-up non-exempt amount' under step 1 of the method statement in subsection 5B(1E). 24I. Under subsection 5B(1E) the employee's individual grossed-up non-exempt amount is reduced by: 24J. This reduced amount for all employee's forms the employer's 'aggregate non-exempt amount' for the year of tax under subsection 5B(1E). [5] 24K. The provision of salary packaged meal entertainment is not an excluded fringe benefit for the purposes of paragraph 5E(3)(a). The grossed-up value of such benefits is included in the reportable fringe benefits provisions in Part XIB. Commissioner of Taxation 7 March 2007 25. According to section 20 an expense payment benefit may arise where a person, in this case an employer: 26. Thus, an expense payment benefit can only exist where the recipient of the benefit, in this case the employee (or associate), has incurred expenditure. The payment or reimbursement must be referable to that expense incurred by the employee. 27. The payment by the employer into the account under the scheme is not referable to: 28. Under the scheme: 29. When the employer makes a payment into the account, the employer is merely meeting its obligations to make such payments under agreements with BEN and the employee. No expense payment benefit arises at that time. 30. The fact that some or all of the funds in this account may subsequently be used to pay for purchases made by the employee does not change the employer's payment into the account to that of an 'expense payment benefit'. 31. The employer is not making the payment into the account to discharge an obligation of the employee to another person for an expense he or she may later incur. This is evidenced by the fact that an employee may potentially not even use any of the money during the year. 32. Under the scheme the account is opened under the employer's customer record and is controlled and maintained by the employer. Ultimate ownership of the card remains with the employer at all times and it is their responsibility. Using the card in his or her capacity as an additional cardholder, the employee does not incur any expenditure to have an obligation to another person. It is the employer who incurs the expenditure and any obligation will be that of the employer. 33. Under the scheme, the obligation that is discharged by payment of the amount charged to the account in a particular transaction is the employer's obligation to the merchant. The employer incurs an expense to a merchant when the employee purchases a good or a service. BEN then uses the credit available on the employer's account to pay the merchant. 34. As it is the employer and not the employee who incurs the expense, the elements of paragraph 20(a) are not satisfied and an expense payment benefit does not arise. 35. The use of the card by an employee or associate of the employee to purchase goods or services gives rise to benefits including tax-exempt body entertainment benefits under section 38, property benefits under section 40 or residual benefits under section 45. Where no exemption under the FBTAA applies, such benefits will constitute fringe benefits as defined in subsection 136(1). 36. Section 57A provides that certain employers are generally exempt from fringe benefits tax. This section applies to employers that are public benevolent institutions, certain hospitals, public ambulance services (or a supporting service) and charitable institutions that promote the prevention or the control of diseases in humans. 37. Public and non-profit hospitals and ambulance services (or a supporting service) have a capping threshold placed on the value of benefits exempt from fringe benefits tax that may be provided to employees. This threshold is $17,000 [6] grossed-up taxable value per employee. Such employers are liable for fringe benefits tax on the value of benefits provided in excess of this threshold. 38. All other employers to which section 57A applies have a capping threshold of $30,000 [7] grossed-up taxable value per employee. Such employers are liable for fringe benefits tax on the value of benefits provided in excess of this threshold. | Salary packaged meal entertainment benefits provided on or before 31 March 2016: 39. Tax-exempt body entertainment benefits includes meal entertainment and non-meal entertainment. For employers subject to the provisions of section 57A, meal entertainment is always an exempt benefit because of the interaction between section 57A and subsection 5B(1L). Step 1 of the method statement in subsection 5B(1L) specifically disregards the taxable value of the provision of meal entertainment for the purposes of determining exposure to the capping thresholds. 40. To determine whether a benefit provided under this scheme is a type 1 or type 2 benefit for the purposes of section 5C, it is necessary to ascertain whether the benefit is a GST-creditable benefit as defined in section 149A. 41. Taxation Ruling TR 2001/2 [8] points out that for the purposes of section 149A, to be a GST-creditable benefit, the provider of the benefit must be entitled to an input tax credit for that benefit and that a GST-creditable benefit arises where the provider is entitled to an input tax credit because of: 42. The first point in paragraph 41 of this Ruling does not apply to this scheme as subsection 149A(1) only applies where there is a reimbursement to an employee and the provider is entitled to an input tax credit under Division 111 of the GST Act. In this case there is no reimbursement for the purposes of the GST Act. Consequently, employers need only consider the second point of paragraph 41 of this Ruling. 43. A benefit will be a GST-creditable benefit if the requirements of subsection 149A(2) are satisfied. Such a benefit will be a type 1 benefit for the purposes of section 5C. Where the requirements are not satisfied, the benefit will not be a GST-creditable benefit and thus a type 2 benefit for the purposes of section 5C. 43A. Part XIB requires the taxable values of certain benefits to be included in the reportable fringe benefits amount of the relevant employee. As the use of the card results in the provision of meal entertainment, paragraph 5E(3)(a) will apply to make the benefit an excluded benefit. This conclusion holds regardless of whether or not the employer has elected that Division 9A of Part III applies. Thus the value of the meal entertainment benefits is not included in the reportable fringe benefits amount of the employees. | Taxable supply with a GST exclusive value of $75 or less: 43B. Section 29-80 of the GST Act and regulation 29-80.01 of the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations) provide that the recipient of a taxable supply can claim an input tax credit without holding a tax invoice if the GST-exclusive value of the thing acquired is $75 or less (or such higher amount as the regulations specify). 43C. Where multiple taxable supplies are made in a single transaction, this low value threshold should be applied to the aggregate value of those taxable supplies. 43D. Consequently, an employer does not need to hold a tax invoice to claim an input tax credit in relation to the provision of 'meal entertainment' and 'entertainment facility leasing expenditure' to the employee from the use of a card provided such benefits are a GST-creditable benefit with a GST-exclusive value of $75 or less. However, the employer must have records to explain its entitlement to an input tax credit for a creditable acquisition for the purposes of section 382-5 of Schedule 1 to the Taxation Administration Act 1953. | Salary packaged meal entertainment benefits provided from 1 April 2016: 43E. From 1 April 2016, the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 makes changes to the FBTAA to limit the concessional treatment of salary packaged entertainment benefits (for both meal entertainment and entertainment facility leasing expenses) by: 43F. For employers subject to the provisions of section 57A, the provision of salary packaged entertainment benefits are capped at $5,000 of the grossed-up taxable value of fringe benefits for each employee. Any salary packaged entertainment benefits that exceed this cap will be included in the general cap of either $17,667 or $31,177 for the FBT year commencing 1 April 2016. This is because of the interaction between section 57A and subsection 5B(1L). For benefits provided from 1 April 2016, step 1 of the method statement in subsection 5B(1L) no longer disregards the provision of salary packaged entertainment in calculating an employer's fringe benefits taxable amount. [9] 43G. The benefit is a 'tax exempt body entertainment benefit' under section 38 which applies when a not-for-profit employer incurs non-deductible expenditure on entertainment of an employee or associate of an employee. Elections under Division 9A of Part III no longer apply where there is a salary packaging arrangement. [10] 43H. In relation to salary packaged entertainment benefits provided from 1 April 2016, under part XIB, the employer will be required to include the grossed-up taxable value of salary packaged entertainment benefits on an employee's payment summary where the value of these benefits, and that of other benefits provided to the employee in the particular FBT year, exceeds $2,000. 44. The following is a detailed contents list for this Ruling: © AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). Not previously issued as a draft

Ruling: Salary packaged benefits provided on or before 31 March 2016: 19A. Paragraphs 20 to 24A of this Ruling (and paragraphs 25 to 43A of the Explanation section) apply to benefits provided on or before 31 March 2016 and refer to provisions in the FBTAA before the application of the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015. [1] 20. A payment by the employer into the account in respect of an employee does not constitute an expense payment benefit for the purposes of section 20. 21. The use of the card by an employee or associate of the employee to purchase goods or services gives rise to benefits including tax-exempt body entertainment benefits under section 38, property benefits under section 40 or residual benefits under section 45. 22. Where the value of the benefits provided to an employee during the fringe benefits tax year does not exceed the relevant threshold specified in subsection 5B(1E) they will constitute exempt benefits under section 57A. 23. The employer is liable for fringe benefits tax on the value of benefits provided in excess of the relevant threshold specified in subsection 5B(1E). 24. A benefit will be a GST-creditable benefit if the requirements of subsection 149A(2) are satisfied. Such a benefit will be a type 1 benefit for the purposes of section 5C. Where the requirements of this subsection are not satisfied, the benefit will not be a GST-creditable benefit and thus a type 2 benefit. 24A. The provision of meal entertainment is an excluded fringe benefit for the purposes of paragraph 5E(3)(a). The value of such benefits are excluded from the reportable fringe benefits provisions in Part XIB. | Salary packaged benefits provided from 1 April 2016: 24B. Paragraphs 24C to 24K of this Ruling (and paragraphs 25 to 38 and 43B to 43E of the Explanation section) apply to benefits provided from 1 April 2016 and refer to provisions in the FBTAA following the application of the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015. 24C. The use of the card for the acquisition of entertainment by way of food or drink constitutes the 'provision of meal entertainment' as defined in section 37AD. 24D. The provision of meal entertainment by way of the card gives rise to an exempt benefit under section 57A. 24E. The benefit is a 'tax-exempt body entertainment benefit' under section 38 and the taxable value of the fringe benefit is determined under section 39. 24F. The meal entertainment is provided under a salary packaging arrangement [2] as described in paragraph 37AC(b). As a result Division 9A of Part III (election for meal entertainment expenses) cannot apply. 24G. Paragraph 5B(1M)(a) applies as the benefit is provided under a salary packaging arrangement and is constituted by the provision of meal entertainment as defined in section 37AD. 24H. The grossed-up taxable value of the salary packaged meal entertainment benefits (as well as the grossed up-taxable value of any other fringe benefits provided to the employee in that year) are included in the 'individual grossed-up non-exempt amount' under step 1 of the method statement in subsection 5B(1E). 24I. Under subsection 5B(1E) the employee's individual grossed-up non-exempt amount is reduced by: 24J. This reduced amount for all employee's forms the employer's 'aggregate non-exempt amount' for the year of tax under subsection 5B(1E). [5] 24K. The provision of salary packaged meal entertainment is not an excluded fringe benefit for the purposes of paragraph 5E(3)(a). The grossed-up value of such benefits is included in the reportable fringe benefits provisions in Part XIB. Commissioner of Taxation 7 March 2007


Appendix: 25. According to section 20 an expense payment benefit may arise where a person, in this case an employer: 26. Thus, an expense payment benefit can only exist where the recipient of the benefit, in this case the employee (or associate), has incurred expenditure. The payment or reimbursement must be referable to that expense incurred by the employee. 27. The payment by the employer into the account under the scheme is not referable to: 28. Under the scheme: 29. When the employer makes a payment into the account, the employer is merely meeting its obligations to make such payments under agreements with BEN and the employee. No expense payment benefit arises at that time. 30. The fact that some or all of the funds in this account may subsequently be used to pay for purchases made by the employee does not change the employer's payment into the account to that of an 'expense payment benefit'. 31. The employer is not making the payment into the account to discharge an obligation of the employee to another person for an expense he or she may later incur. This is evidenced by the fact that an employee may potentially not even use any of the money during the year. 32. Under the scheme the account is opened under the employer's customer record and is controlled and maintained by the employer. Ultimate ownership of the card remains with the employer at all times and it is their responsibility. Using the card in his or her capacity as an additional cardholder, the employee does not incur any expenditure to have an obligation to another person. It is the employer who incurs the expenditure and any obligation will be that of the employer. 33. Under the scheme, the obligation that is discharged by payment of the amount charged to the account in a particular transaction is the employer's obligation to the merchant. The employer incurs an expense to a merchant when the employee purchases a good or a service. BEN then uses the credit available on the employer's account to pay the merchant. 34. As it is the employer and not the employee who incurs the expense, the elements of paragraph 20(a) are not satisfied and an expense payment benefit does not arise. 35. The use of the card by an employee or associate of the employee to purchase goods or services gives rise to benefits including tax-exempt body entertainment benefits under section 38, property benefits under section 40 or residual benefits under section 45. Where no exemption under the FBTAA applies, such benefits will constitute fringe benefits as defined in subsection 136(1). 36. Section 57A provides that certain employers are generally exempt from fringe benefits tax. This section applies to employers that are public benevolent institutions, certain hospitals, public ambulance services (or a supporting service) and charitable institutions that promote the prevention or the control of diseases in humans. 37. Public and non-profit hospitals and ambulance services (or a supporting service) have a capping threshold placed on the value of benefits exempt from fringe benefits tax that may be provided to employees. This threshold is $17,000 [6] grossed-up taxable value per employee. Such employers are liable for fringe benefits tax on the value of benefits provided in excess of this threshold. 38. All other employers to which section 57A applies have a capping threshold of $30,000 [7] grossed-up taxable value per employee. Such employers are liable for fringe benefits tax on the value of benefits provided in excess of this threshold. | Salary packaged meal entertainment benefits provided on or before 31 March 2016: 39. Tax-exempt body entertainment benefits includes meal entertainment and non-meal entertainment. For employers subject to the provisions of section 57A, meal entertainment is always an exempt benefit because of the interaction between section 57A and subsection 5B(1L). Step 1 of the method statement in subsection 5B(1L) specifically disregards the taxable value of the provision of meal entertainment for the purposes of determining exposure to the capping thresholds. 40. To determine whether a benefit provided under this scheme is a type 1 or type 2 benefit for the purposes of section 5C, it is necessary to ascertain whether the benefit is a GST-creditable benefit as defined in section 149A. 41. Taxation Ruling TR 2001/2 [8] points out that for the purposes of section 149A, to be a GST-creditable benefit, the provider of the benefit must be entitled to an input tax credit for that benefit and that a GST-creditable benefit arises where the provider is entitled to an input tax credit because of: 42. The first point in paragraph 41 of this Ruling does not apply to this scheme as subsection 149A(1) only applies where there is a reimbursement to an employee and the provider is entitled to an input tax credit under Division 111 of the GST Act. In this case there is no reimbursement for the purposes of the GST Act. Consequently, employers need only consider the second point of paragraph 41 of this Ruling. 43. A benefit will be a GST-creditable benefit if the requirements of subsection 149A(2) are satisfied. Such a benefit will be a type 1 benefit for the purposes of section 5C. Where the requirements are not satisfied, the benefit will not be a GST-creditable benefit and thus a type 2 benefit for the purposes of section 5C. 43A. Part XIB requires the taxable values of certain benefits to be included in the reportable fringe benefits amount of the relevant employee. As the use of the card results in the provision of meal entertainment, paragraph 5E(3)(a) will apply to make the benefit an excluded benefit. This conclusion holds regardless of whether or not the employer has elected that Division 9A of Part III applies. Thus the value of the meal entertainment benefits is not included in the reportable fringe benefits amount of the employees. | Taxable supply with a GST exclusive value of $75 or less: 43B. Section 29-80 of the GST Act and regulation 29-80.01 of the A New Tax System (Goods and Services Tax) Regulations 1999 (GST Regulations) provide that the recipient of a taxable supply can claim an input tax credit without holding a tax invoice if the GST-exclusive value of the thing acquired is $75 or less (or such higher amount as the regulations specify). 43C. Where multiple taxable supplies are made in a single transaction, this low value threshold should be applied to the aggregate value of those taxable supplies. 43D. Consequently, an employer does not need to hold a tax invoice to claim an input tax credit in relation to the provision of 'meal entertainment' and 'entertainment facility leasing expenditure' to the employee from the use of a card provided such benefits are a GST-creditable benefit with a GST-exclusive value of $75 or less. However, the employer must have records to explain its entitlement to an input tax credit for a creditable acquisition for the purposes of section 382-5 of Schedule 1 to the Taxation Administration Act 1953. | Salary packaged meal entertainment benefits provided from 1 April 2016: 43E. From 1 April 2016, the Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 makes changes to the FBTAA to limit the concessional treatment of salary packaged entertainment benefits (for both meal entertainment and entertainment facility leasing expenses) by: 43F. For employers subject to the provisions of section 57A, the provision of salary packaged entertainment benefits are capped at $5,000 of the grossed-up taxable value of fringe benefits for each employee. Any salary packaged entertainment benefits that exceed this cap will be included in the general cap of either $17,667 or $31,177 for the FBT year commencing 1 April 2016. This is because of the interaction between section 57A and subsection 5B(1L). For benefits provided from 1 April 2016, step 1 of the method statement in subsection 5B(1L) no longer disregards the provision of salary packaged entertainment in calculating an employer's fringe benefits taxable amount. [9] 43G. The benefit is a 'tax exempt body entertainment benefit' under section 38 which applies when a not-for-profit employer incurs non-deductible expenditure on entertainment of an employee or associate of an employee. Elections under Division 9A of Part III no longer apply where there is a salary packaging arrangement. [10] 43H. In relation to salary packaged entertainment benefits provided from 1 April 2016, under part XIB, the employer will be required to include the grossed-up taxable value of salary packaged entertainment benefits on an employee's payment summary where the value of these benefits, and that of other benefits provided to the employee in the particular FBT year, exceeds $2,000.


Fringe benefits tax: employer clients of Bendigo and Adelaide Bank Limited who are subject to the provisions of section 57A of the Fringe Benefits Tax Assessment Act 1986 that make use of a B-Packaged Mastercard debit card account facility: Paragraph 32 of TR 2006/10 provides further guidance on the status and binding effect of public rulings where the law has been repealed and rewritten. | A comparison table which provides the replacement provisions in the A New Tax System (Goods and Services Tax) Regulations 2019 for regulations which are referenced in this Ruling is available. | What this Ruling is about | NOT LEGALLY BINDING SECTION: | A public ruling is an expression of the Commissioner's opinion about the way in which a relevant provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes. | If you rely on this ruling, we must apply the law to you in the way set out in the ruling (or in a way that is more favourable for you if we are satisfied that the ruling is incorrect and disadvantages you, and we are not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you. | [ Note: This is a consolidated version of this document. Refer to the Tax Office Legal Database ( https://www.ato.gov.au/law/ ) to check its currency and to view the details of all changes.] | Appendix 2 - Detailed contents list


Related rulings: TR 2001/2
Legislative references: FBTAA 1986 5B(1E) FBTAA 1986 5B(1L) FBTAA 1986 5B(1M) FBTAA 1986 5B(1M)(a) FBTAA 1986 5C FBTAA 1986 5E(3) FBTAA 1986 5E(3)(a) FBTAA 1986 20 FBTAA 1986 20(a) FBTAA 1986 Pt III Div 9A FBTAA 1986 37AC FBTAA 1986 37AC(b) FBTAA 1986 37AD FBTAA 1986 38 FBTAA 1986 39 FBTAA 1986 40 FBTAA 1986 45 FBTAA 1986 57A FBTAA 1986 Pt XIB FBTAA 1986 136(1) FBTAA 1986 149A FBTAA 1986 149A(1) FBTAA 1986 149A(2) FBTAA 1986 152B TAA 1953 TAA 1953 Sch 1 357-75(1) TAA 1953 Sch 1 382-5 ANTS(GST)A 1999 Div 111 ANTS(GST)A 1999 29-80 ANTS(GST)R 1999 29-80.01 Copyright Act 1968 Tax and Superannuation Laws Amendment (2015 Measures No 5) Act 2015