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Private Travel & Fringe Benefits Tax

Fringe benefits tax - rates and thresholds

The information below contains fringe benefits tax (FBT) rates and thresholds for the 2017-2018 to 2019-20 FBT years.

The FBT year runs from 1 April to 31 March.

FBT year ending - 31 March 2018, 2019 and 2020

FBT Rate 47%
Type 1 Gross Up Rate 2.0802
Type 2 Gross Up Rate 1.8868

If you have any questions, refer to your Faculty Finance & Planning Manager or Division Finance.

Fringe benefits tax - travel

To ensure the University does not incur unnecessary fringe benefits tax (FBT), staff travelling on behalf of the University are required to complete a travel diary for all international travel, and any domestic travel of more than 5 consecutive nights.

If a travel diary is not submitted, the Australian Taxation Office (ATO) requires the University to treat the entire trip as private, resulting in FBT being incurred to approximately the same value as the associated travel.

In line with existing Policy, any FBT incurred will be charged to the cost centre where the associated travel expenditure is reported.

For more information on FBT and how it could apply to you, click on the links below;