Fringe Benefits Tax Assessment Act 1986
In plain English
This Act sets out rules for Fringe Benefits Tax, a tax on certain benefits employees receive from their employer.
The Fringe Benefits Tax Assessment Act 1986 governs Fringe Benefits Tax. It applies to employers and employees. It outlines how to assess and pay FBT on non-cash benefits. These benefits include things like company cars and housing. The Act came into force in 1986.
Why it matters
If your business provides benefits to employees beyond salary, you need to understand FBT. Failing to comply can impact your business's tax obligations and financial position. Review this Act to ensure compliance.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Summary
FBT framework — taxable benefits, valuation, reporting, RFBAs, exemptions including EV exemption.
Topics
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Source: https://www.legislation.gov.au/Series/C2004A03217. Rules Mate summarises and links; we don't republish full statutory text. Always verify against the live source before acting.