Are there any FBT consequences if I don meet my kilometres (yearly or pro rata)?
• Yes. If the kilometres that you have travelled on a pro rata basis mean that you have dropped from one FBT bracket down to the next one then you will incur additional FBT costs. • In general terms dropping from one FBT bracket down to the next doubles the FBT cost that you will be required to pay. Where additional FBT cost is incurred, the University will recover this from your pay at the rate set out in the procedures document. Employees agree to these conditions when they elect to enter into a vehicle salary packaging arrangement. • Employees need to fully understand their FBT obiligations prior to entering into any arrangements.
