Finance > Salary Packaging Policy > Fringe Benefits Tax Assessment
Authorised by Finance Manager
Revised Date: 18 November 2013
The Fringe Benefits Tax Assessment Act (1986) allows Kyeema to offer salary packaging to our employees. In order to attract and retain the best people. Kyeema makes this benefit available to its employees, however the availability of benefits provided through this policy may be altered, enhanced or withdrawn completely by Kyeema at any time if applicable legislation or Kyeema policy changes. An employee may choose to participate or not participate in Kyeema salary packaging arrangements.
In the event of amendments to any taxation legislation affecting salary packaging, Kyeema will advise employees in writing of this, and of any variation to the package for the purpose of ensuring compliance with legislation.
In the event that Kyeema ceases to attract exemption from payment of Fringe Benefits Tax or there is an amendment to exemption level, all remuneration packaging arrangements will be reviewed and may be terminated with individual employee’s wages reverting to those specified in the relevant EBA, contract or award.
Related Policies, Procedures and Documents
Eziway Salary Packaging Kit HRF-69