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Fair Work Commission confirms FBT payments are not earnings

In a recent decision, the Fair Work Commission has ruled that payments made on an annual basis by an employer to help reduce an employee’s fringe benefits tax liability are not counted as earnings. The decision resulted in the employee’s remuneration falling below the high-income cap and meant that it

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Self-reporting requirements for not-for-profits

On 11 May 2021, as part of the Federal Budget for 2021–2022, the Australian Government announced changes to the management of not-for-profit entities that self-assess as income tax exempt. The proposal aims to increase trust and confidence in the sector by guaranteeing that not-for-profit and for-profit companies compete on an

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