What fringe benefits are remuneration for WorkSafe?
If you are unclear whether a fringe benefit is taxable, you can seek assistance from the ATO or a professional tax practitioner. The ATO enquiry line is 1328 66 and their website is www.ato.gov.au Section 5C of the Accident Compensation Act 1985 provides that the value of remuneration comprising a fringe benefit is the value that would be the taxable value of the benefit as a fringe benefit for the purposes of the Fringe Benefits Tax Assessment Act 1986 of the Commonwealth. Section 5(1) of the Accident Compensation Act 1985 defines that for WorkSafe purposes, fringe benefit has the same meaning as in the Fringe Benefits Tax Assessment Act 1986 of the Commonwealth but does not include anything that is prescribed by the regulations not to be a fringe benefit for the purposes of this definition. Currently, there are no additional fringe benefits prescribed under the regulations for WorkSafe that are excluded fringe benefits.
