Addition to list of FBT exclusions

 

As a result of extensive work done by the Defence Tax Management Office (DTMO) and Treasury, child tuition assistance provided to ADF members is no longer reported on their payment summaries.

This reporting exclusion shows Defence’s commitment to address ADF members’ concerns about the negative impact of FBT reporting on child tuition assistance. It adds to a number of reporting exclusions already available for certain fringe benefits provided to ADF personnel that recognise the circumstances of their employment.

The Fringe Benefits Tax Amendment Regulation 2004 (No 2) was gazetted on March 30. It provides an FBT reporting exclusion for child tuition assistance where:

• the member is directed to change residence by the Department of Defence; and
  
• the child must be enrolled in a different school because of the direction.

The Regulation complements existing FBT reporting exclusions for education assistance for children in critical years of schooling and special needs.

It took effect from April 1, which ensures that ADF members who received this category of child tuition assistance in the 2003-04 FBT year can benefit from having a lower reportable fringe benefit amount on their 2003-04 payment summary.

Members who have received child tuition assistance and the assistance amount is reported on their FBT statement and/or payment summary, should contact DTMO to amend their 2003-04 payment summary.

Phone 1800 806 053 or email taxation.management@defence.gov.au

 

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