Purpose |
To ensure the University complies with Australian FBT legislation and rulings
Supporting Research and Analysis
The need for this policy was identified through a review of all polices within the portfolio of the Vice President, Finance. The policy itself was developed in line with University guidelines with input from a number of key stakeholders. The policy was made available for comment by stakeholders during June and July 2008 and all suggestions during this process were considered in the final draft. |
Scope |
All Australian campuses
All Australian staff members
|
Policy Statement |
The University will comply with all Fringe Benefit Tax (FBT) laws, rulings, guidelines and reporting obligations. All transactions entered into by the University must be analysed to determine the correct FBT treatment. |
Supporting procedures |
FBT and Vehicles (Australia) Procedures
FBT and Entertainment (Australia) Procedures
FBT and Expense Payments (Australia) Procedures
FBT and Housing (Australia) Procedures
FBT and Living Away From Home Allowance (LAFHA) (Australia) Procedures
FBT and Travel (Australia) Procedures
FBT and Exempt Benefits (Australia) Procedures
|
Supporting guidelines |
|
Responsibility for implementation |
VP Finance
Divisional Director, Corporate Finance
|
Status |
New |
Key Stakeholders |
Audit & Risk Management
Disbursements
Grants & Donations
Staff
|
Approval body |
Name: Strategy and Resources Committee
Meeting: 11/2008
Date: 09-December-2008
Agenda item: 8.1
|
Endorsement body |
Name: Vice President Finance
Meeting: 00
Date: 26-November-2008
Agenda item: 00
|
Definitions |
|
Related legislation |
|
Related policies |
Global Taxation Policy
Credit Card Policy
Reimbursements |
Related documents |
|
Date Effective |
09-December-2008 |
Review Date |
20-September-2011 |
Owner |
Divisional Director, Corporate Finance |
Author |
Taxation Accountant |
Content Enquiries |
finpol@adm.monash.edu.au
|
